Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-09-2015
Mtechtips Yen found support during late Asian trade Tuesday after Bank of Japan kept its interest rates unchanged and maintained the policy of buying assets at an annual pace of 80 trillion yen to spur inflation and growth in Asia’s second largest economy.JPYINR settled up by 0.50% at 55.58. Sell strategy given below 55.20 was not initiated as JPYINR continued to trade above the 55.40 levels. Near term trend is looking sluggish in JPYINR. Immediate support is seen at 55.20 and resistance at 55.80.