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DOLLAR-YEN TECHS: Trades well within Thursday range:
*RES 3: 107.30 50-dma
*RES 2: 106.98 High Aug 13 and key resistance
*RES 1: 106.74 Aug 23 high and recent congestion area
*PRICE: 106.28 @ 15:45 GMT Aug 30
*SUP 1: 105.59 Low Aug 27
*SUP 2: 104.46 Low Aug 26 and YTD low
*SUP 3: 104.00 Psychological round number
An uneventful Friday session kept focus on the pair's Thursday range, after
USD/JPY inched higher to the week's best levels, helping take out resistance at
106.41. The 106.74 level is now within range and a climb through here would open
the 106.98 key resistance and the 50-dma at 107.30. A 106.98 break would also
represent an important bullish development. Until then, the failure around
107.00 this month maintains a bearish threat. A break of 105.59 would reopen
104.46. Clearance of the latter targets 104.00 and 103.66.