Thursday, February 11, 2010

USDJPY being traded in tight range

USDJPY seems to stay in tight range and being traded in the same manner during this week. USDJPY is getting towards 90.00 level and we might see USDJPY going sown from there towards 89.00 level.

Intra-Day traders will more be interesting in buying USDJPY around 89.00 level for short intra-day target. If USDJPY manages to break 88.75 or 90.25 level, we might see the scenario clearing up for long term trades.


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