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USDJPY breached long-term up trendline...>

DOLLAR-YEN
DOLLAR-YEN: USDJPY breached long-term up trendline support yesterday, but failed
to close below. The USD has since rallied to comfortably hold above Y113.00 at
the European crossover with bulls eyeing a convincing break of the 50%
retracement level at Y113.21 for the next leg higher. Uptrend support comes in
today at Y112.73, a close below would see bears regain control targeting a
deeper correction toward the 100-dma at Y112.25. Last Y113.07. 

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