Japanese Yen strengthened considerably as the crosses joined the USD/JPY is sliding aggressively. AUD/JPY was a leader on the way up and also led on the way down. Looking ahead for March Machine Orders are forecast at -4.5% vs. 1.4% previously.With R1: 96.30 ,R2: 96.40 andS2:94.80,S1:95.00.Yen chart is expected to have a bear note for the day . With the trading range between 95.10-96.20 levels. Stochastic and momentum are seen trending down and RSI is also confirming the bear trend. Caution required as chart pattern shows a small reversal sign.
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