Yen was seen on a range bound trade as Japanese government bonds fell reversing a gain on speculation of accelerating inflation which means the BOJ is more likely to raise interest rates than reduce them in future meetings. Looking ahead for the day is the Japanese Trade Balance with expectations of $1400bn up from $970bn for February.
TECHNICALS FOR THE DAY
yen is seen on mixed note for the day. RSI supports the currency to be on upside and momentum also supports the same. currency lends its support at 102.40 levels and holds resistance at 103.60 levels. the trading range is expected between 102.50-103.50 levels.
yen is seen on mixed note for the day. RSI supports the currency to be on upside and momentum also supports the same. currency lends its support at 102.40 levels and holds resistance at 103.60 levels. the trading range is expected between 102.50-103.50 levels.
No comments:
Post a Comment