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Free AccessThe Battle of 111.51 and 112 On....>
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.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.