USD/JPY TECHNICAL OUTLOOK : 17.10.2016
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USD/JPY. Pair after opening at 104.24 and made low of 103.30 and was trading with sidewise the pair 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 so dips shall be utilized to buy the pair
Fundamental Overview
Yen is trading at 104.02, remaining close to the 104.00 mark in the last few sessions. Yen has remained stable against the US dollar, despite the laters’ surge against other majors. There is no major data to be reported from the Japanese economy this week and the price action would be dependent on the US dollar strength and the overall risk appetite in the markets.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
06:00:00 JPY BoJ Governor Kuroda Speaks
10:00:00 JPY Industrial Production (MoM) (Aug) 1.50% 1.50%
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USD/JPY. Pair after opening at 104.24 and made low of 103.30 and was trading with sidewise the pair 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 so dips shall be utilized to buy the pair
Fundamental Overview
Yen is trading at 104.02, remaining close to the 104.00 mark in the last few sessions. Yen has remained stable against the US dollar, despite the laters’ surge against other majors. There is no major data to be reported from the Japanese economy this week and the price action would be dependent on the US dollar strength and the overall risk appetite in the markets.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
06:00:00 JPY BoJ Governor Kuroda Speaks
10:00:00 JPY Industrial Production (MoM) (Aug) 1.50% 1.50%