Stronger yen, Tankan Manufacturing Index Highest 2 Last Year
www.fxbom.com
11:58 AM
In currency trading the Asian session today (01-07), seen through the strengthening of the Yen against the U.S. Dollar. Pair USD/JPY is currently engaged in the range of 88.30.
Data released this morning Tankan Manufacturing Index for the period from the second quarter of this year. Indices show number one, its highest level since last two years, where in the previous quarter the index shows the number -14.
The technical, the weakening of USD/JPY further still possible, with support while this was in the range of 88.00 and 87.35 range if the opportunity to support the vulnerable. The current global negative sentiment that is reflected from the continuous decline in global stock markets will also strengthen our position as a safe haven yen.
