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Off Multi-month Lows USDJPY........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Off Multi-month Lows
USDJPY recovered off multi-month lows of 108.07 as risk improved at the NY
crossover. Bulls initially need to recover the 109 level which holds the 50%
fibo of 109.93-108.07, consolidation above opens broken trendline
support-turned-resistance at 109.20. Bears continue to target a break of the
intraday low & 108.00 level, below here would likely accelerate the move toward
the 3% lower Bollinger band & Jan 10 low at 107.90/77.

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