USD/JPY TECHNICAL OUTLOOK : 9.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 113.49 and made low of 113.11 and saw some sidewise to buying session yesterday after a bearish candle few days back but it continuing with the upward trend for past many days 114.70 is a key resistance , while support at 112.90 and likely to see range with some positive bias and pair can break the range on higher side so buy on dips for the day.
Fundamental Overview
Yen is trading at 114.50, falling back into its depreciating trend as the dollar rose from near the 100 levels. Divergent monetary policy would be the key theme to watch out for in the coming days and we can expect the USDJPY pair to comfortable break the 115.00 mark this time.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20:00 AM JPY BSI Large Manufacturing Conditions (Q4) 7.5 3.4 2.9
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 114.50, falling back into its depreciating trend as the dollar rose from near the 100 levels. Divergent monetary policy would be the key theme to watch out for in the coming days and we can expect the USDJPY pair to comfortable break the 115.00 mark this time.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20:00 AM JPY BSI Large Manufacturing Conditions (Q4) 7.5 3.4 2.9