The Japanese yen lost ground across the board on Monday morning in Asia after a survey report by the Cabinet Office and Finance Ministry showed today that confidence among leaders of large Japanese companies worsened in the first three months of 2009 compared to the final three months of 2008.
YEN R1: 96.90 S1:95.50
R2: 97.10 S2:95.20
yen chart pattern indicates the currency to have a upside movement for the day. Trading range for the day is expected between 95.60-96.80 levels. Stochastic is seen trending up giving room for a bullish correction.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment