USD/JPY TECHNICAL OUTLOOK : 13.10.2016
USD/JPY. Pair after opening at 103.55 and made high of 104.30 and was trading with positive bias and violated the recent swing high of 104.32 and has come down from that but any dip shall be utilized to buy the pair we as pair is forming higher low STRATEGY
Fundamental Overview
Yen is trading at 103.73, appreciating against the US dollar in the Asian session from near the 104.50 levels that were seen after the FOMC statement. Markets reacted to the possibility of a US rate hike, with the IS dollar appreciating the most against the Yen. Weaker than expected data from China, added pressure on the risk appetite, helping the recovery in the Yen. We expect Yen to trade in the 103.00-104.00 range
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
57 min JPY Tertiary Industry Activity Index (MoM) -0.20% 0.30%
USD/JPY. Pair after opening at 103.55 and made high of 104.30 and was trading with positive bias and violated the recent swing high of 104.32 and has come down from that but any dip shall be utilized to buy the pair we as pair is forming higher low STRATEGY
Fundamental Overview
Yen is trading at 103.73, appreciating against the US dollar in the Asian session from near the 104.50 levels that were seen after the FOMC statement. Markets reacted to the possibility of a US rate hike, with the IS dollar appreciating the most against the Yen. Weaker than expected data from China, added pressure on the risk appetite, helping the recovery in the Yen. We expect Yen to trade in the 103.00-104.00 range
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
57 min JPY Tertiary Industry Activity Index (MoM) -0.20% 0.30%