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DOLLAR-YEN TECHS: Pause in The Uptrend
Dovish BoJ Kuroda remarks on further easing underpinned USDJPY with a move above
110.80. This puts focus back on the 111.00 level, with bulls targeting a break
of the Feb 14 high & 200-dma at 111.13/31, ahead of a potential return toward
112. A downside break of the Feb 15 low & 50-dma at 110.26/07 would shift the
outlook bearish and bring the 109.50/55 area back into view which holds the Feb
6 low & 61.8% fibo support.