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Some Profit Taking USDJPY has......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Some Profit Taking
USDJPY has edged back from the 111 level after briefly breaking above here
yesterday. Despite some profit taking the uptrend remains firmly intact with the
200-dma at 111.30 the next upside target ahead of a run at last year's highs. On
the downside, bears need to reclaim 110 to shift the outlook neutral, targeting
a break of the 21-dma & 61.8% retracement level at 109.77/18.

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