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Recovery Extends USDJPY broke......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovery Extends
USDJPY broke cleanly above 109.00 in NY trading to put the focus on the 21-dma
which lies just above current levels at 109.34. A break above here would target
with the next upside target 110.00 marking the Dec 25 low, ahead of the 200-dma
at 111.20. Bears focus remains on the 108.00 level, a break opens the 50%
retracement & Jan 3 hourly support at 106.83/75.

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