Yen trading mix against Majors
Yen trading stronger against the US Dollar. after hitting 118.59 against dollar now its trading at the 117.40 a 110 pips, and there not too much weakness against Euro but trading little bit lower after hitting 151.47 and now trading at just above the 151 mark. And against Sterling in earlier it was very weak when it was riding against the Dollar. Yen takes the strong support at 225 level and now it eased a little bit at 224.50. And against the CAD it gained nearly 100 pips from the high of 104.75 to the current low of 103.72. Yen is trading pretty flat against the CHF and yen got the strong resistence at 94.80. If that takes off then Yen will ride against the Swiss Franc. As i observed the Yen against the Kiwi for the last 3 days or so the Yen was trading very stronger against the Kiwi, in those 3 days or so Yen gained nearly 125 pips. And even same story with the Aussie gaining nearly 125 pips over the last 3-4 days or so.
0 Comments:
Post a Comment
<< Home