Japanese Yen had tremendous movement yesterday after massive options expired and US Stocks opened weak. A sharp reversal in US stocks and profit taking sent most crosses rocketing back to initial levels. Looking ahead for BOJ meet today to discuss rates and are expected to hold at 0.1%.December Trade Balance -320 Bn Yen.
Tech outlook:
YEN R1: 90.00 S1:88.60
R2: 90.10 S2:88.40
yen chart pattern indicates the currency to remain bullish for the day. Trading range for the day is expected between 88.70 - 89.90 levels . Stochastic is trending up pointing a small upward correction
YEN R1: 90.00 S1:88.60
R2: 90.10 S2:88.40
yen chart pattern indicates the currency to remain bullish for the day. Trading range for the day is expected between 88.70 - 89.90 levels . Stochastic is trending up pointing a small upward correction
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