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Recovery Gains Traction USDJPY.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovery Gains Traction
USDJPY breached the 21-dma & 109.50 as the recovery gains traction. This brings
the 50% retracement of 114.55-104.87 at 109.70 into view, ahead of a run at the
110.00 level. 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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