USD/JPY TECHNICAL OUTLOOK:1.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at104.47 and made low of 104.27 and saw some buying in the session the pair had taken support near 104 and has been trading in the range of 104-104.85 and 104 has become a strong support so any dips shall be utilize to buy the pair as the pair is making lower high in the hourly chart.
Fundamental Overview
Yen is trading at 104.83, appreciating against the US dollar in early trade this morning as the dollar remained weak before the US elections. Bank of Japan is scheduled to release the monetary policy statement and expectations are for status quo. Any surprise move could push the Yen lower; else expect some stickiness near the 105.00 level.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
Tentative JPY BoJ Monetary Policy Statement (YoY) a
Tentative JPY BoJ Outlook Report (YoY)
Tentative JPY Interest Rate Decision -0.10% -0.10%
12:00:00 PM JPY BoJ Press Conference
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 104.83, appreciating against the US dollar in early trade this morning as the dollar remained weak before the US elections. Bank of Japan is scheduled to release the monetary policy statement and expectations are for status quo. Any surprise move could push the Yen lower; else expect some stickiness near the 105.00 level.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
Tentative JPY BoJ Monetary Policy Statement (YoY) a
Tentative JPY BoJ Outlook Report (YoY)
Tentative JPY Interest Rate Decision -0.10% -0.10%
12:00:00 PM JPY BoJ Press Conference