Japanese Yen initially found support from USD strength until mounting stock market losses forced the pair back below 98 Yen. Crosses were under severe pressure with AUD/JPY falling from 80 to 77.5 Yen. Looking ahead for BOJ minutes released Tuesday. chart is expected to have a bearish correction for the day . With the trading range between 96.40- 97.40 levels. Stochastic and Relative strength index are seen trending down giving bearish crossovers .Currency is trading on the moving averages break below it will confirm the trend. Good resistance at 97.80 levels and support is seen at 96.20 levels.
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