USD/JPY TECHNICAL OUTLOOK:9.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at104.42 and made HIGH of 105.20 and could not sustain the higher levels of 105 mark and was trading in the positive bias before the narrow range but the pair is trading above the kumo cloud and today likely to be volatile in the below mentioned range.
Fundamental Overview
Yen has been on a roller coaster ride with the range for the day being 102.00-105.00. Uncertainty in the election results and the possible aftermath after a Trump win is driving the bids for Yen. A trump win will drive Yen below 100.00 and the opposite would settle the pair near 105-106 range.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
5:20:00 AM JPY Adjusted Current Account 1.48T 1.98T 1.98T
5:20:00 AM JPY Current Account n.s.a. (Sep) 1.821T 1.960T 2.001T
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen has been on a roller coaster ride with the range for the day being 102.00-105.00. Uncertainty in the election results and the possible aftermath after a Trump win is driving the bids for Yen. A trump win will drive Yen below 100.00 and the opposite would settle the pair near 105-106 range.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
5:20:00 AM JPY Adjusted Current Account 1.48T 1.98T 1.98T
5:20:00 AM JPY Current Account n.s.a. (Sep) 1.821T 1.960T 2.001T