Yen dipped against the U.S. dollar after data showed Japan's price gains are slowing rapidly underscoring fears the world's second largest economy could sink back into deflation.
Tech outlook:
R1: 91.10 S1:89.75
R2: 91.20 S2:89.60
yen chart pattern indicates the currency to have a slight bullish correction for the day. Trading range for the day is expected between 89.90-91.00 levels. Stochastic is seen trending up giving room for a bullish correction.
R1: 91.10 S1:89.75
R2: 91.20 S2:89.60
yen chart pattern indicates the currency to have a slight bullish correction for the day. Trading range for the day is expected between 89.90-91.00 levels. Stochastic is seen trending up giving room for a bullish correction.
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