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DOLLAR-YEN TECHS: Risk Appetite Returns
Improved risk appetite underpinned overnight with the firm tone spilling over
into Europe. USDJPY cleared the 100-dma & trendline resistance to Y111.58. A
close above here today opens a run at the 112.00 level, ahead of previous broken
channel base support-turned-resistance at 112.12. Bears need a downside break of
110 to return the focus to the Mar 25 low at 109.71.