Yen strengthened after downturn in Nikkei

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By: Tunku Ishak Al-Irsyad

The Asian market opened slightly lower with JPN225 Futures trading negative, down to 19,074 points (after opening high at 19,730 points).

This indirectly caused the Yen (JPY) to strengthen against other currencies. The USDPJPY is currently at 107.74 against the highest early morning price of 108.52. Decrease by 78 pips. The nearest Resistance level is at pivot S3 108.01 followed by Resistance at S2 108.17. The nearest stock is now at 107.79 followed by 107.56.

Please note that today is the Easter Monday holiday in Europe and America. As such, liquidity in the market is expected to be low and market movements are slow.


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