Yen traded sideways throughout Monday following the U.S’ slight recovery. The big announcement for the day is the BOJ rate announcement with forecasts expecting the bank to maintain its current stance of 0.5%. Yen is expected to trade in the range of 101.70-103.10.With key resistance seen at 103.20 and good support is seen at 101.50. Candlestick pattern is hinting the Currency to give a small correction for the day. But only a breach below 102.10 would give clues for the currency to move on to a bearish note.
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