USD/JPY Forecast: Supported by dollar’s demand and rising yields - Swastika Investmart Ltd
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News in headline:
* Dollar supported by haven demand after retail frenzy bruises risk sentiment
* GBP/USD wavers around 1.3700 amid mixed covid vaccine news, hints of UK’s recovery plan
* USD/JPY Forecast: Supported by dollar’s demand and rising yields
Chart of the day:
The day trend in JPYINR is showing weakness as making lower lows and lower high formation followed by trend line on daily chart which indicates sell signal so one can go short in it if it breaks the support.
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
