The yen rose against the euro on speculation declines in stocks will prompt investors to reduce holdings of higher-yielding assets. Pound reamins weak and traded low against major currencies
tech view mar 30 2009
YEN R1: 98.50 S1:96.40
R2: 98.60 S2:96.30
yen chart pattern indicates the currency to have a upside movement for the day. Trading range for the day is expected between 96.60-98.40.levels. Stochastic is seen trending up giving room for a bullish correction.
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