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Recovery Looks Strong USDJPY is....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovery Looks Strong
USDJPY is benefitting from the return of risk appetite with bulls taking out the
21 and 100-dmas in early Asia trading to return the focus to the 200-dma & Mar
20 high at 111.47/69. above here would open the key 112 area. Bears continue to
look for a downside break of 110 to return the focus to the Mar 25 low at
109.71. Below here opens the Feb 7 low & 50% retracement level at 109.61/56.

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