USD/JPY TECHNICAL OUTLOOK:15.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at106.52 and made low of 106.50 and seen some buying due to dollar demand and the pair could not sustain the lower levels of 106.50 mark and was trading volatile to positive bias now the pair is trading above 108 mark that will act as a strong support and swing high of 105.5 mark, has been violated so intraday dips shall be outsized to buy the pair and the pair can head higher.
Fundamental Overview
Yen continued to remain the casualty of the US dollar weakness. The USDJPY pair has traded above the 108.50 mark despite the positive GDP reading from the Japanese economy yesterday. Possibility of a rate hike from the US and Fiscal expansion is driving the US dollar strength and is likely to remain the same until the FOMC meeting in December.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
11:30:00 JPY Investing.com USD/JPY Index 40.40%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen continued to remain the casualty of the US dollar weakness. The USDJPY pair has traded above the 108.50 mark despite the positive GDP reading from the Japanese economy yesterday. Possibility of a rate hike from the US and Fiscal expansion is driving the US dollar strength and is likely to remain the same until the FOMC meeting in December.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
11:30:00 JPY Investing.com USD/JPY Index 40.40%