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DOLLAR-YEN TECHS: Showing Signs of Bullish Exhaustion
Friday's large equity gains spilled over into Asia, despite this USDJPY failed
to rally with the move capped ahead of 110.65. Bulls need to recover the Feb 15
high to return focus to the Feb 14 high & 200-dma at 111.13/31. Above here would
allow the potential of a return to the 112 level. The 50-dma provides near-term
support, currently sitting at 110.12, and a break below here would shift the
short term outlook negative.