JPY traded sideways throughout the day held within a 60 pip range all day. Looking ahead for the day are the Japanese Unemployment rate to be announced on with expectations of no change since its last result of 3.9%.
TECH VIEW:
YEN is expected to trade in the range of 103.90-104.70.With good support seen at 103.70 and resistance for the currency is seen at 104.90 levels. JPY is expected to be bull note with a tight trading range as it is seen trading well above the fast and slow moving averages and the sensitivity indicator stochastic is also supporting the view.
YEN is expected to trade in the range of 103.90-104.70.With good support seen at 103.70 and resistance for the currency is seen at 104.90 levels. JPY is expected to be bull note with a tight trading range as it is seen trading well above the fast and slow moving averages and the sensitivity indicator stochastic is also supporting the view.
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