Home / TIPS / Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-10-2015

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-10-2015

 

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-10-2015

Mtechtips Japanese Yen settled down by 0.73% on Monday as the Bank of Japan is highly expected to ease further at the policy meeting later this week amid increased risk appetite in the global market that lowered demand from safe-have yen.JPYINR took more than 0.72% fall on Monday and settled at 54.50 levels. Today, correction is expected to come below 54.40 for the next target 54.20-54.00 as short term trend still looks negative. Immediate resistance is seen at 54.70 breaks above will expect to show 55.00-55.20 again.

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