Thursday, September 15, 2016

USD/JPY TECHNICAL OUTLOOK : 16.09.2016

USD/JPY TECHNICAL OUTLOOK : 16.09.2016

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE


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USD/JPY. Pair after opening at 102.37 and made a high of 102.75 and was seen selling pressure from the higher levels the trend line marked in the report few days back, the pair is having a key support at 100-99.50 and strong supply is coming in around 104 levels the pair is likely to be range bound

Fundamental Overview

Yen is trading at 101.90, appreciating against the US dollar after the US retail sales data. With the rate hike off the table, focus would now be on the bank of Japan meeting next week. Expect a retest of 100.00 before a move back higher.

Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
00:00:00 JPY Industrial Production (MoM) (Jul)