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DOLLAR-YEN TECHS: The Battle of 111.51 and 112
On Monday USDJPY traded within Friday's trading range while remaining above the
200-dma. Bulls need to reclaim 112 to return the focus to the Apr 24 & Dec 20
highs at 112.40/60. Bears look for a close below 111.51 to shift the focus back
to the downside. The April 8 low/55-dma at 111.28/26 provide initial support, a
break opens the Apr 10 low and 100-dma at 110.84/73.