USD/JPY TECHNICAL OUTLOOK : 20.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Fundamental Overview
Yen is trading at 101.90, remaining near to the 102.00 levels after the Japanese markets opened after the holiday yesterday. Focus would be on the Bank of Japan meeting tomorrow to see if the central bank can satisfy the markets’ expectations for additional stimulus. If disappointed the yen could scale to 100.00 against the US dollar.
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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USD/JPY. Pair after opening at 101.84 and made a high of 102.06 and was seen selling pressure from the higher levels, now pair is having a strong support at 101 and is likely to violate and , the pair is also having a key support at 100-99.50 and strong supply is coming in around 104 levels the pair is likely to be range boundFundamental Overview
Yen is trading at 101.90, remaining near to the 102.00 levels after the Japanese markets opened after the holiday yesterday. Focus would be on the Bank of Japan meeting tomorrow to see if the central bank can satisfy the markets’ expectations for additional stimulus. If disappointed the yen could scale to 100.00 against the US dollar.