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Shrugging Off Equity Weakness......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Shrugging Off Equity Weakness
USDJPY largely shrugged off yesterday's equity weakness with the pair's pullback
failing to extend below Friday's intraday lows. This keeps the focus on the 112
level and the channel top just above it at 112.27. Above here would bring the
50% retracement level & Dec 20 high into view at 112.44/60. Bears need to clear
the 100 & 200-dmas at 111.39/37 to stabilise the outlook, while uptrend support
comes in around 111. Below here would open the Feb 27 low & 50-dma at
110.36/109.88.

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