Yen gained as Asian Stocks slumped-Jun 23.

Yen strengthened as Asian stocks slumped on concern the global recession will be prolonged, spurring demand for the relative safety of Japan’s currency. currency gained on speculation -that U.S. report tomorrow may show durable-goods orders declined. chart is expected to have a bearish correction for the day . With the trading range between 94.60- 95.40 levels. Stochastic and Relative strength index are seen trending down giving bearish crossovers .Currency is trading below the moving averages giving bearish crossover. Good resistance at 96.00 levels and support is seen at 94.20 levels.