USD/JPY TECHNICAL OUTLOOK : 14.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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USD/JPY. Pair after opening at 102.37 and made a high of 103.06 and was seen buying pressure from the downward levels the trend line marked in the report few days back, the pair is having a key support at 100- 99.50 in the near term and is likely to hold that for the near term and intraday dips utilized to buy the pair
Fundamental Overview
Yen is trading at 103.00, depreciating against the US dollar despite a fall in risk appetite. Yen usually
appreciates in such an environment but the demand for the US dollar outweighed the demand for yen. Yen could turn around if the risk aversion continues, else expect further depreciation.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
00:00:00 JPY Industrial Production (MoM) (Jul)
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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USD/JPY. Pair after opening at 102.37 and made a high of 103.06 and was seen buying pressure from the downward levels the trend line marked in the report few days back, the pair is having a key support at 100- 99.50 in the near term and is likely to hold that for the near term and intraday dips utilized to buy the pair
Fundamental Overview
Yen is trading at 103.00, depreciating against the US dollar despite a fall in risk appetite. Yen usually
appreciates in such an environment but the demand for the US dollar outweighed the demand for yen. Yen could turn around if the risk aversion continues, else expect further depreciation.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
00:00:00 JPY Industrial Production (MoM) (Jul)