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The risk-averse theme pressured USDJPY...>

DOLLAR-YEN
DOLLAR-YEN: The risk-averse theme pressured USDJPY back under Y110.00 for the
first time since Mar 26. Rate touched extended pullback lows of Y109.90, opening
the double-bottom support area at Y109.70/75. Below here opens the Feb 6 low &
50% retracement of Y104.56-114.55 at Y109.56. Last Y110.06.
- EURJPY slipped to Y123.13, before meeting support from yesterday's low
(Y123.11). Recovery efforts have so far remained shallow and keeps the recent
downtrend intact. Traders have reported of further support on approach to
Y123.00, ahead of the Jan 4 low at Y122.59.  

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