USD/JPY TECHNICAL OUTLOOK:8.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at102.92 and made HIGH of 104.70 and could not sustain the higher levels of 105 mark and was trading in the narrow range but the pair is trading above the kumo cloud and has been in some side wise to upward movement with yesterday bullish candle any dip is a buying opportunity
Fundamental Overview
Yen is trading at 104.33, after inching lower to 104.60 in the European session. Risk on sentiment and the dollar strength drove the pair higher. If there are no surprises in the elections, we expect USDJPY to trade beyond 105.00 but limited to 105.75-106.00 in the near term. The other outcome to drive the pair towards 100.00.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
37 min JPY 10-Year JGB Auction -0.06%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 104.33, after inching lower to 104.60 in the European session. Risk on sentiment and the dollar strength drove the pair higher. If there are no surprises in the elections, we expect USDJPY to trade beyond 105.00 but limited to 105.75-106.00 in the near term. The other outcome to drive the pair towards 100.00.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
37 min JPY 10-Year JGB Auction -0.06%