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DOLLAR-YEN TECHS: Remains Bearish Below 200-dma
Having closed below the 200-dma, the pair extended recent losses Wednesday, with
a dovish-leaning Fed putting the Y111 handle under pressure. The Apr 10 low &
100-dma are next up at 110.84/69. Bulls need to recover the 200-dma to reignite
upside momentum. This would bring the 112 level back into view, ahead of a run
at the Apr 24 & Dec 20 highs at 112.40/60.