Y106.65-Y106.90 Still Provides.....>

DOLLAR-YEN TECHS: Y106.65-Y106.90 Still Provides Near Term Resistance

*RES 4: Y107.40 1% volatility band

*RES 3: Y107.28/30 76.4% of Y107.91-Y105.25, Mar 13 high

*RES 2: Y106.90 76.4% Fibo of Y107.30-Y105.60

*RES 1: Y106.65 61.8% Fibo of Y107.30-Y105.60

*PRICE: Y106.30 @0838GMT

*SUP 1: Y106.05/10 Hourly support

*SUP 2: Y105.79 Mar 15, Mar 19 lows

*SUP 3: Y105.60 Mar 16 low

*SUP 4: Y105.25/28 Mar 2 low, 1% volatility band

*COMMENTARY* Y105.70 support was considered pivotal near term and was pressured

by last Friday's dip to Y105.60 before seeing a recovery. So far, this has

reached towards the 61.8% Fibo retrace level at Y106.65, as we recoup some of

the losses seen from the month's Y107.30 high. Will likely need to see a move

above the upper 1% volatility band, at Y107.40  however, before any real upside

interest will develop. Support Y106.10-Y105.79 now protects that Y105.60 low.