Pair breaks ¥115.00 marks and made intraday low at ¥114.21 levels. Due to the falling Oil prices, Yen and Gold turn out to be the safe haven assets for the investment. WTI crude oil fell 2.65% at $30.07 per barrel. In ad…
Pair breaks ¥115.00 marks and made intraday low at ¥114.21 levels.
Due to the falling Oil prices, Yen and Gold turn out to be the safe haven assets for the investment.
WTI crude oil fell 2.65% at $30.07 per barrel.
In addition, stock prices in Japan also crashed by more than 4%. Japan's benchmark Nikkei 225 index trading 4.36% lower to 16,259.92 points in morning trade.
In data front, Japan's M2 Money Stock rose to seasonally adjusted 3.2% vs 3.1% in the preceding month.
Intraday bias remains bearish below the ¥115.26 marks.
On the downside, major support levels are seen around ¥114.06, ¥113.85 and ¥113.41 levels.
On the other side, resistance levels are seen at ¥115.26, ¥116.78 and ¥117.35 levels.
We prefer to take short position on rallies. Sell USD/JPY around ¥114.60, stop loss ¥115.85 and target ¥113.41 levels.
