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Strong US Data Boosts The Dollar...>

DOLLAR-YEN TECHS: Strong US Data Boosts The Dollar
The dollar rallied to post US data highs of 109.95, before fading. Bulls need to
clear 110.00/05 which holds the 38.2% fibo of the May range and May 10 hourly
highs. A break here would extend the uptrend towards the cloud base & 100-dma at
110.32/50. Bears look to take out the May 13 low & 109 level to return the focus
to the downside. This brings the 50% retracement & Feb 1 low into view at
108.84/73, ahead of the 61.8% retracement & Jan 16 low at 108.38/37.

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