USD/JPY TECHNICAL OUTLOOK : 28.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 117.20 and made high of 117.65 and saw side wise action after some
buying from the lower levels in the session yesterday the pair is stuck in the range of 117-118 levels for past days and likely to be in the range so trade the said range in the range
Fundamental Overview
Yen is trading at 117.68 continuing to trade in a narrow range even positive Retail sales data reported
negative / below expectation dollar demand globally would drive the pair but as investors remanding on the holiday mode expect some more consolidation between 117-118 mark for the week
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Industrial Production (MoM) (Nov) 1.60% 0.00%
5:20 JPY Retail Sales (YoY) (Nov) 0.90% -0.10%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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buying from the lower levels in the session yesterday the pair is stuck in the range of 117-118 levels for past days and likely to be in the range so trade the said range in the range
Fundamental Overview
Yen is trading at 117.68 continuing to trade in a narrow range even positive Retail sales data reported
negative / below expectation dollar demand globally would drive the pair but as investors remanding on the holiday mode expect some more consolidation between 117-118 mark for the week
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Industrial Production (MoM) (Nov) 1.60% 0.00%
5:20 JPY Retail Sales (YoY) (Nov) 0.90% -0.10%