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USD/JPY has reclaimed 112.00, last.......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has reclaimed 112.00, last Y112.10, after the rate
registered a low of Y111.82 on the back of a >3.0% fall in the Nikkei 225 in
early Tokyo trade. The 225 has moved away from worst levels but still trades
~2.9% lower at writing.
- Bears look for consolidation/a close below the 50-DMA & clustered support into
Y111.95, before targeting the Oct 16/15 lows (Y111.73/63), followed by the
100-DMA (Y111.52). Initial resistance is noted at Wednesday's intraday high
(Y112.74), followed by the 21-DMA (Y112.89).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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