Japanese Yen with the USD/JPY starting to edge higher the market is on edge that the Yen may be close to new bouts of selling with crosses sitting just under new head highs. EUR/JPY remained buoyant although year highs at 138 are proving difficult to test. chart is expected to have a bullish correction for the day . With the trading range between 96.20- 97.20 levels. Stochastic and Relative strength index are seen trending up and the currency is trading above the moving averages trying to form bullish crow pattern taking resistance at 97.50 levels .Good support is seen at 96.00 levels.
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