Japanese Yen was weaker against most currencies today as the Nikkei surged 5% on the back on a new corporate debt plan from the Japanese government.
Technical Outlook:
R1: 90.00 S1:88.80
R2: 90.20 S2:88.60
yen chart pattern indicates the currency to remain sideways to bullish for the day. Trading range for the day is expected between 88.90 – 89.90 levels . Stochastic and momentum are seen trending up pointing a small upward correction ,parabolic is also supporting the bullish outlook.
R2: 90.20 S2:88.60
yen chart pattern indicates the currency to remain sideways to bullish for the day. Trading range for the day is expected between 88.90 – 89.90 levels . Stochastic and momentum are seen trending up pointing a small upward correction ,parabolic is also supporting the bullish outlook.
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