JPY lost 1% against the greenback to 104.39 as the positive data coming out from the U.S along with stronger equities saw the yen lose ground. Japanese CPI for the month of March came in as fore casted at 1.2%
TECH VIEW
Yen is seen on a mixed note for the day. Widen Band the currency to have further highs on near term. The Currency lends its support at 103.80 and holds its resistance at 104.70 levels. Trading range is expected to lie between103.70-104.60.Momentum holds strong but stochastic lies in overbought territory giving clues for the possibility of slight market correction.
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