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Mtechtips
MCX-SX JPYINR INTRADAY trading analysis 19-01-2016
Mtechtips
Japanese Yen traded up Friday after the People's Bank of China raised reference
rate for Yuan most in nearly a month leading to lower safe-haven bets for the
Japanese currency.JPYINR retraced from the day high 57.95 and tested 57.58
before closing at 57.65. Today, immediate support is seen at 57.55 and sustain
move below only will expect to test 57.25-57.00; else pair is expect to
consolidate around 57.60-58.00
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