U.S. currency was also under pressure against the yen as Japanese exporters and institutional investors repatriated overseas earnings and investments before Japan's fiscal year-end on Monday. The yen showed little reaction to news that Japan's core consumer inflation in February rose more than expected and scored the biggest increase in a decade.
TECHNICAL FOR THE DAY (YEN)
Yen is expected to trade in the range of 99.30-100.80.With key support seen at 99.10 and resistance at 100.90.Currency is expected to be on a mixed note for the day .But the currency is trading well above the exponential moving average giving clues for the currency to give a upward movement. stochastic and Relative Market strength are also indicating towards the bullish trend.
Yen is expected to trade in the range of 99.30-100.80.With key support seen at 99.10 and resistance at 100.90.Currency is expected to be on a mixed note for the day .But the currency is trading well above the exponential moving average giving clues for the currency to give a upward movement. stochastic and Relative Market strength are also indicating towards the bullish trend.
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