USD/JPY TECHNICAL OUTLOOK : 02.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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USD/JPY. Pair after opening at 103.33 and made a high of 103.72 and was seen buying pressure after the breakout above 100.80 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 103.35, the pair is not able to go below 99.levels and that has emerge as a strong support so any dip shall be utilized to buy the pair
Fundamental Overview
Yen is trading at 103.34, after depreciating to a low of 103.99 during yesterday’s session. Rate hike
expectations from the US are driving the movement in Yen. Expect a sharp decline in the Japanese Yen if the jobs report is in line with expectations and we can expect 105.00 for the USDJPY pair but the opposite would lead to the Yen appreciating against the US dollar.
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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Fundamental Overview
Yen is trading at 103.34, after depreciating to a low of 103.99 during yesterday’s session. Rate hike
expectations from the US are driving the movement in Yen. Expect a sharp decline in the Japanese Yen if the jobs report is in line with expectations and we can expect 105.00 for the USDJPY pair but the opposite would lead to the Yen appreciating against the US dollar.