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Risk Appetite Fades Risk...........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Risk Appetite Fades
Risk appetite faded through NY with a return to the 108.50 level. Bulls will
need to overcome 108.75, before challenging the 109.00 level. Consolidation
above opens the 21-dma & 38.2% retracement level at 109.26/27. However, the
recent bearish crossover (50-dma below 100-dma) could keep a lid on the pair,
returning the short-term focus to the 100-hma at 108.28.

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