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Risk On Flow USDJPY traded above...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Risk On Flow
USDJPY traded above the 100 & 200-dma's to 111.47 and will be monitored at
today's close. Bulls look to build on yesterday's risk driven gains, targeting a
break of the 112.00 level, which has previously proved hard to overcome. Above
here would re-ignite upside momentum and bring the ytd Mar 5 high back into view
at 112.14. Bears need a close below Friday's low at 110.79 to open the Feb
22/Feb 19 lows at 110.56/45, suggesting a downside reversal.

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