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Struggling For Direction Despite...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Struggling For Direction
Despite recent false breakouts to both the up and downside, USDJPY holds a
narrow 110.50-112.00 range to keep the short-term focus neutral. Bears target
the 100-dma at 110.37 ahead of the 200-dma & August lows at 109.82/78. A rise
above 112.00 would be needed to reignite positive momentum and target the August
highs at 112.15 and July 19 high at 113.17, cementing the longer-term outlook.

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