The yen was little changed after the Bank of Japan kept the overnight lending rate at 0.5 percent today.
TECH VIEW FOR THE DAY
yen is seen on bear note for the day. currency sees its support at 103.30 levels and holds resistance at 104.40 levels. the trading range is expected between 103.35-104.30 levels. band is widened and still waiting for the confirmation for the near term trend.. the momentum is still in neutral territory and remains silent on the issue. stochastic indicates downside for the day.
Wednesday, April 30, 2008
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