USD/JPY TECHNICAL OUTLOOK:10/21/2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at103.38 and made high of 104.10 and was trading with sidewise to positive ,the pair has not able to violated the recent swing high of 104.62 and corrected from there and has come down and holed the supports of 103 mark so any dips shall be utilize to buy the pair
Fundamental Overview
Yen is trading at 104.20, depreciating against the US dollar as markets rushed to the dollar after the ECB posed no threat to the currency ultra loose monetary policy. We were advocating this move above 104.00 for the past few sessions and now expect a slow progression of the pair higher. Yen would completely depend on the US dollar strength and the overall risk appetite.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
12:05:00 JPY BoJ Governor Kuroda Speaks
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 104.20, depreciating against the US dollar as markets rushed to the dollar after the ECB posed no threat to the currency ultra loose monetary policy. We were advocating this move above 104.00 for the past few sessions and now expect a slow progression of the pair higher. Yen would completely depend on the US dollar strength and the overall risk appetite.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
12:05:00 JPY BoJ Governor Kuroda Speaks