Japanese Yen strengthened against the USD as Yields dropped on the above news. Support at 98 gave weigh but crosses continued to provide support on dips so the downside may be limited while risk appetite is strong. Core Machinery Orders fell -5.4% vs. 0.1% forecast.Chart is expected to have a bearish correction for the day . With the trading range between 96.80- 98.20 levels. Stochastic and Relative strength index are seen trending down giving bearish crossovers . currency is trading between the fast and slow moving averages. Good resistance at 98.40 levels and support is seen at 96.50 levels.
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