Japanese Yen weakened across the board as stocks lifted for a 4th day and crosses pushed higher. January Industrial output was revised down -10.2% vs. -10.0% initially.
Technical Outlook
Technical Outlook
R1: 99.20 S1:97.00
R2: 99.30 S2:96.90
Yen chart pattern indicates sideways to bull note for the day . Trading range for the day is expected between 97.10 – 99.00 levels . Stochastic is trending up and currency is trading above the moving average giving bullish crossovers.
R2: 99.30 S2:96.90
Yen chart pattern indicates sideways to bull note for the day . Trading range for the day is expected between 97.10 – 99.00 levels . Stochastic is trending up and currency is trading above the moving average giving bullish crossovers.
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