Japanese Yen kept inside the recent range around 96 Yen as the crosses took the brunt of the action overnight. Carry trades were sold aggressively from year highs. AUD/JPY and CAD/JPY were especially hard hit. Q1 Capex -25% y/y. Chart is expected to have a bullish correction for the day . With the trading range between 95.80- 96.80 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 97.10 levels .Good support is seen at 95.50 levels.
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