Japanese Yen continued to weaken as the USD/JPY reclaimed the 99 level and most of the crosses led by GBP/JPY and AUD/JPY grinded higher. Optimism and weak Japanese data providing the motivation. With R1: 100.10,R2: 100.25 and S1:98.80, S2:98.70.Yen chart pattern indicates bullish move for the day . Trading range for the day is expected between 98.90 – 100.10 levels. Stochastic and momentum are seen trending up and currency is trading above the moving average level confirming the bull trend.
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