The yen also may weaken on speculation G-7 countries will take additional steps to revive money markets, boosting investor appetite for higher-yielding assets. The yen headed for a weekly loss against the Euro as a rally in Asian stocks prompted investors to buy higher-yielding assets with loans from Japan.
TECH FOR THE DAY
Yen chart pattern indicates the currency be on uptrend and expected to trade between 101.40-102.45.stochastic indicates the currency to remain neutral. The currency has its support at 101.20 levels and resistance at 102.60.
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