USD/JPY TECHNICAL OUTLOOK : 30.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL 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 112.72, after another attempt to appreciate against the US dollar. With the US dollar losing some steam and the bond yields cooling off in yesterday’s session, we have investors take profit in the long dollar positions. Household spending and retail sales data was reported better than expected this morning and gave a boost to the Yen. Expect high levels of volatility going into the OPEC meeting and the non-farm data.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
5:20:00 AM JPY Industrial Production (MoM) (Oct) 0.10% -0.10% 0.60%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 112.72, after another attempt to appreciate against the US dollar. With the US dollar losing some steam and the bond yields cooling off in yesterday’s session, we have investors take profit in the long dollar positions. Household spending and retail sales data was reported better than expected this morning and gave a boost to the Yen. Expect high levels of volatility going into the OPEC meeting and the non-farm data.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
5:20:00 AM JPY Industrial Production (MoM) (Oct) 0.10% -0.10% 0.60%