Japanese Yen was able to make good gains as Europeans shares traded lower but reversed as positive data out of the US initiated stock gains.
TECHNICAL VIEW:
YEN chart pattern indicates the currency to be on downside for the day. Trading range is expected between 104.20 -105.80 levels for the day. currency lends its support at 104.09 levels and holds resistance at 105.90 levels. stochastic and Relative Market strength gives a bearish outlook for the currency and it is also seen trading below the moving averages confirming the bear note.
YEN/INR:Expected to trade in red with the trading range of 0.4080-0.4140 levels.
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