Japanese Yen held to a tight range against the USD but the crosses all rose testing monthly highs on the AUD/JPY and EUR/JPY. The 100 Yen is a significant level that the market would need a major catalyst to test and remain above. February Tertiary Industry Index at 0.4% vs. -1.6% previously.
Technical Outlook:
R1: 98.90 S1:97.80
R2: 99.10 S2:97.60
Yen chart pattern indicates sideways to bear note for the day . Trading range for the day is expected between 97.90 – 98.80 levels .Momentum is seen trending down and parabolic is also supporting the same but caution is given by Stochastic.
R1: 98.90 S1:97.80
R2: 99.10 S2:97.60
Yen chart pattern indicates sideways to bear note for the day . Trading range for the day is expected between 97.90 – 98.80 levels .Momentum is seen trending down and parabolic is also supporting the same but caution is given by Stochastic.
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