Yen crept forward against most currencies on negative equities and rising risk aversion inspired by Lehman Brothers concerns Capital spending was made public at -4.9%.
TECH VIEW:
Yen chart pattern indicates the currency to be on upper side for the day. the trading range is expected between 104.30-105.80. the currency lends its support at 104.10 levels and holds resistance at 105.70 levels .momentum remains in upward direction thereby signaling the bull run to continue for the day. MACD remains silent on the issue and needs further movement to trend confirmation.
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