The Japanese Yen was sold across the board in thin and stable markets. Japanese data was mixed with Household spending for Nov falling only -0.5% vs. -3.7% forecast although Industrial Production looked set for a -8.1% m/m fall in November.·
Technical view
YEN R1: 91.00 S1:90.10
R2: 91.20 S2:90.00
yen chart pattern indicates the currency to have a slight downward movement for the day. Trading range for the day is expected between 90.30-90.90 levels. Stochastic is seen trending down indicating the bear run to continue for the day.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment