USD/JPY TECHNICAL OUTLOOK:23.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at110.75 and made high of 111.35 and formed a side wise candle after a doji candle near the resistance of 111.40 this signify incision in the pair and tug of war between the bulls and bear s so we may see some consolidation of its gains in the pair for the day and only range likely to be 110.70-111.50
Fundamental Overview
Yen is trading at 111.00. Continuing to remain near the recent low as markets remain bullish on the US dollar. The brief appreciation that was seen yesterday after the earthquake in Japan. With the Japanese markets remaining closed for today, we can expect the US dollar to remain the key driver for Yen.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 111.00. Continuing to remain near the recent low as markets remain bullish on the US dollar. The brief appreciation that was seen yesterday after the earthquake in Japan. With the Japanese markets remaining closed for today, we can expect the US dollar to remain the key driver for Yen.