USD/JPY TECHNICAL OUTLOOK : 1.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 113.00 and made high of 113.14 and saw some sidewise session after a bearish candle after a continuing with the upward trend for past many days 114 is a key resistance and pair is likely to be respect 110 as it has taken out 109 comfortably. Expect some resistance near the 114.00 and likely to be volatile but can BUY the pair for the day.
Fundamental Overview
Yen is trading at 114.20, depreciating sharply against the US dollar in yesterday’s trade. Announcement of a production cut increased the inflation expectations for the US economy, driving the yields and the US dollar higher. Yen is likely to test the 115.00 mark if the non-farm data remains supportive on Friday.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
5:20:00 AM JPY Capital Spending (YoY) (Q3) -1.30% -0.40% 3.10%
42 min JPY 10-Year JGB Auction -0.00056
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 114.20, depreciating sharply against the US dollar in yesterday’s trade. Announcement of a production cut increased the inflation expectations for the US economy, driving the yields and the US dollar higher. Yen is likely to test the 115.00 mark if the non-farm data remains supportive on Friday.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
5:20:00 AM JPY Capital Spending (YoY) (Q3) -1.30% -0.40% 3.10%
42 min JPY 10-Year JGB Auction -0.00056