USD/JPY TECHNICAL OUTLOOK Aug 24, 2016, 09.51 AM
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USD/JPY. Pair after opening at 100.29and made a high of 99.91 and was seen buying pressure, the pair had bottom out and made a low of 98.98 and from there the pair had reversed and now trading near its 08Dma 102.35, the pair is not able to go below 99.levels and that has emerge as a strong support so any trade above 100.50 is a breakout buying in the pair
Fundamental Overview
Yen is trading at 100.37, depreciating marginally against the US dollar as the later rebounded from the lows that were seen the previous day. All attention would be on the Jackson Hole symposium and the outcome would drive the Yen. We would prefer buying the USDJPY pair near the 100.00 levels.
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Fundamental Overview
Yen is trading at 100.37, depreciating marginally against the US dollar as the later rebounded from the lows that were seen the previous day. All attention would be on the Jackson Hole symposium and the outcome would drive the Yen. We would prefer buying the USDJPY pair near the 100.00 levels.