Tue, 14 May 2013 08:07:07 GMT
Yen advances on signals that depreciation is too rapid
The Japanese Yen strengthened by 0.3% to 101.5 per U.S. Dollar in the morning of Tokyo trading session on Tuesday. The currency rallied from a four-month high, as technical indicators delivered signals that recent drop might be too rapid. The USD/JPY Relative Strength Index for a 14 days period slipped beneath a 30 level, which refers about an oversold situation