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Sharp Leg Lower USDJPY took........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Sharp Leg Lower
USDJPY took another leg lower on Friday, breaking below 111.32 to challenge the
constructive tone of the past couple of days. While the decline was limited by
channel support on intraday charts at 111.09, keeping the move within a
corrective framework for the time being, a further break below 110.75 would
signal a bearish reversal. Gains back above 111.86 are now needed to refresh the
bullish picture suggesting a retest of Wednesday's highs at 112.15.

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