USD/JPY TECHNICAL OUTLOOK:10/25/2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at103.95and made high of 104.20 and was trading with sidewise to positive ,the pair has not able to violated the recent swing high of 104.62 and struggling to make a new high but making a lower high in hourly so buy on dips shall be utilize in the pair.
Fundamental Overview
Yen is trading at 104.46, deprecating the most against the US dollar. Yen remained a direct reflection of the dollar strength with no major policy action expected from the bank of Japan. With the US dollar expected to continue appreciating in the next few months, expect the USDJPY pair to move towards the 105.00 mark.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
05:20:00 JPY Adjusted Trade Balance 0.20T 0.36T
05:20:00 JPY Exports (YoY) (Sep) -10.40% -9.60%
05:20:00 JPY Trade Balance (Sep) 342B -19B
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 104.46, deprecating the most against the US dollar. Yen remained a direct reflection of the dollar strength with no major policy action expected from the bank of Japan. With the US dollar expected to continue appreciating in the next few months, expect the USDJPY pair to move towards the 105.00 mark.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
05:20:00 JPY Adjusted Trade Balance 0.20T 0.36T
05:20:00 JPY Exports (YoY) (Sep) -10.40% -9.60%
05:20:00 JPY Trade Balance (Sep) 342B -19B