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Risk-off Fades Thursday's early....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Risk-off Fades
Thursday's early risk-off theme faded, with risk assets remaining buoyant in
Asia-Pacific hours. USDJPY extended the recovery to 110.93. Bulls need to
recover the 111 level & 100-dma (111.05) to suggest a resumption of the broader
rally, opening the 200-dma & Mar 20 high at 111.46/69. Bears 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. 
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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