USD/JPY TECHNICAL OUTLOOK : 07.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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USD/JPY. Pair after opening at 103.42 and made a high of 103.80 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 101.40, appreciating the most against the Dollar in yesterday’s session. Markets took to the BOJ governor’s statement as a hindrance to further easing and the weakness in USD drove the Yen higher. Expect to Yen to retest the 100.00 level if the weakness in the USD continues.
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Fundamental Overview
Yen is trading at 101.40, appreciating the most against the Dollar in yesterday’s session. Markets took to the BOJ governor’s statement as a hindrance to further easing and the weakness in USD drove the Yen higher. Expect to Yen to retest the 100.00 level if the weakness in the USD continues.