USD/JPY TECHNICAL OUTLOOK : 23.09.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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USD/JPY. Pair after opening at 101.84 and made was trading volatile between range of 102.80-100 levels over and found resistance near the 103 mark but the pair is having a strong support at 99.50 mark so the pair is likely to be volatile I the range of 100.50-102
Fundamental Overview
Yen is trading at 101.16, depreciating against the US dollar after trending near to the 100.00 levels in
yesterday’s Asian session. Yen rallied after markets were disappointed with the stimulus package that was announced by the bank of Japan last Wednesday and the rally continued after the US fed left rates unchanged. Yen should stabilize in the range of 100.00 to 103.00 in the near term and 100.00 continues to remain a good point to sell Yen.
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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USD/JPY. Pair after opening at 101.84 and made was trading volatile between range of 102.80-100 levels over and found resistance near the 103 mark but the pair is having a strong support at 99.50 mark so the pair is likely to be volatile I the range of 100.50-102
Fundamental Overview
Yen is trading at 101.16, depreciating against the US dollar after trending near to the 100.00 levels in
yesterday’s Asian session. Yen rallied after markets were disappointed with the stimulus package that was announced by the bank of Japan last Wednesday and the rally continued after the US fed left rates unchanged. Yen should stabilize in the range of 100.00 to 103.00 in the near term and 100.00 continues to remain a good point to sell Yen.