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Dollar hits 2-1/2-year high against yen as Fed tapering seen on track - Swastika Investmart
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News in headline:
Dollar Up, with Fed Plans for Tapering Unaltered by Disappointing U.S. Jobs Report
Dollar hits 2-1/2-year high against yen as Fed tapering seen on track
U.S. dollar net long bets jump to largest since mid-June 2019 -CFTC, Reuters data
Chart of the day
The day trend in JPYINR is indicating sideways move as facing resistance so selling can be done at higher levels.
Technical View
The mixed move can be seen in currency.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
