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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 04-09-2015

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 04-09-2015
Mtechtips The yen gathered pace on Friday as investors geared up for U.S. jobs data later in the day and shrugged off disappointing wages data.USD/JPY traded at 119.79, down 0.24%, while AUD/USD changed hands at 0.6995, down 0.33%.In Japan, preliminary wages data rose 0.6% year-on-year, well below the expectations of a 2.3% gain.Investors were looking ahead to Friday’s highly-anticipated jobs report for further indications on the strength of the economy and signs of a potential rate hike by the Federal Reserve this month.Right now trading at 55.85. Fresh buy will expect above 55.86 Target 56.20-56.40. Stop loss 55.70.
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