Japanese Yen weakened through the USD/JPY which rallied off support at 97 Yen to break back above 98. Crosses were mixed with year highs in AUD/JPY leading to profit taking in the US session. Japan Q1 GDP at -3.8% vs. -4.0% forecast. chart is expected to have a bearish correction for the day . With the trading range between 97.20- 98.40 levels. Stochastic and Relative strength index are seen trending down giving bearish crossovers . currency is trading below moving averages. Good resistance at 98.60 levels and support is seen at 96.80 levels.
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