USD/JPY TECHNICAL OUTLOOK : 27.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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USD/JPY. Pair after opening at 101 and made high of 101.13 and was trading volatile between range of 100.50-101.10 levels the pair likely to be range bound between the range of 100-102 for coming sessions , 99.50 will act as a strong support while the strong resistance is coming at 103 so pair is likely to be volatile in this range, but intraday can see some bounce
Fundamental Overview
Yen is trading at 100.71, after yet another attempt to breach the 100.00 mark. Yen depreciated after the Bank of Japan meeting minutes were reported. The meeting minutes indicated that the members believed that the existing stimulus package would not be sufficient to prop up inflation. We can expect another attempt by Yen to breach the 100.00 mark as uncertainty from US persists.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20 JPY Monetary Policy Meeting Minutes
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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USD/JPY. Pair after opening at 101 and made high of 101.13 and was trading volatile between range of 100.50-101.10 levels the pair likely to be range bound between the range of 100-102 for coming sessions , 99.50 will act as a strong support while the strong resistance is coming at 103 so pair is likely to be volatile in this range, but intraday can see some bounce
Fundamental Overview
Yen is trading at 100.71, after yet another attempt to breach the 100.00 mark. Yen depreciated after the Bank of Japan meeting minutes were reported. The meeting minutes indicated that the members believed that the existing stimulus package would not be sufficient to prop up inflation. We can expect another attempt by Yen to breach the 100.00 mark as uncertainty from US persists.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20 JPY Monetary Policy Meeting Minutes