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Yet To Break Reins of 200-dma......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Yet To Break Reins of 200-dma
Having opened below the 200-dma, USD/JPY extended losses throughout the European
morning, but is yet to cleanly break free from the dma at Y111.04. Bears
initially eye the recent downtrend towards the Aug 21 low at 109.78. Bulls need
to recover Y112.39, the 100-dma to stabilise the short-term outlook.

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