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Remaining Below Support USDJPY.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Remaining Below Support
USDJPY remains precarious following Friday's break of up trendline support from
the March lows and the key 112 level. While the 100-dma at 111.59 was recovered
after a temporary break on Friday, bulls need to break back above the trendline
at 112.09 to improve the outlook and move above the 21-dma at 112.75 to allow a
challenge of the YTD highs at 114.55. Bears will now target 110.60 before the
200-dma at 109.83 comes into focus.

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