USD/JPY TECHNICAL OUTLOOK : 29.11.2016
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 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 sell the pair at rise intraday.
Fundamental Overview
Yen is trading at 112.12, failing to follow with the sharp rally from the previous session. Yen clocked a low of111.35 in the early Asian session as traders rushed to lock in the gains from the previous week. Retail sales and unemployment data reported this morning were in line with expectations and we expect further selling in the Yen for the day.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
5:00:00 AM JPY Household Spending (MoM) (Oct) -1.00% 0.10% 2.80%
5:00:00 AM JPY Household Spending (YoY) (Oct) -0.40% -0.60% -2.10%
5:00:00 AM JPY Jobs/applications ratio (Oct) 1.4 1.39 1.38
5:20:00 AM JPY Retail Sales (YoY) (Oct) -0.10% -1.20% -1.90%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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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 sell the pair at rise intraday.
Fundamental Overview
Yen is trading at 112.12, failing to follow with the sharp rally from the previous session. Yen clocked a low of111.35 in the early Asian session as traders rushed to lock in the gains from the previous week. Retail sales and unemployment data reported this morning were in line with expectations and we expect further selling in the Yen for the day.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
5:00:00 AM JPY Household Spending (MoM) (Oct) -1.00% 0.10% 2.80%
5:00:00 AM JPY Household Spending (YoY) (Oct) -0.40% -0.60% -2.10%
5:00:00 AM JPY Jobs/applications ratio (Oct) 1.4 1.39 1.38
5:20:00 AM JPY Retail Sales (YoY) (Oct) -0.10% -1.20% -1.90%