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Stuck in The Range The risk........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Stuck in The Range
The risk averse theme amid the backdrop of soft UST yields pressured through
110.25. USDJPY settles in the range with a downside break of 110 needed to
return the focus to the Mar 25 low at 109.71. Bulls need to clear yesterday's
high at 110.75, shifting the near-term focus back on the 111 level. A break back
above here would suggest a resumption of the broader rally opening the 100-dma
at 111.12, ahead of the 200-dma & Mar 20 high at 111.45/69.

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