The Bank of Japan’s decision not to add to unprecedented monetary stimulus has the yen poised to breach a key technical level, which may see it strengthen to a two-month high, according to JPMorgan Chase & Co.
Crews hunting for the missing Malaysian airliner extended the search to beneath the surface of the Indian Ocean, listening for pings from beacons on the plane’s black boxes before the onboard batteries fail.
Tencent Holdings Ltd., Asia’s biggest Internet company that just capped its steepest monthly loss in 2 1/2 years, is poised to retreat 20 percent after completing a bearish head-and-shoulders trading pattern.
Australia’s dollar, the best performing major currency this month, is poised to rally a further 2.9 percent against the dollar after completing a trading pattern known as an inverted head-and-shoulders.
Patrol planes are resuming the hunt for Malaysia’s missing jetliner in the Indian Ocean off Australia after an initial foray failed to find objects seen in satellite images that kindled hopes for a breakthrough.