USD/JPY TECHNICAL OUTLOOK : 14.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 114.82 and made low of 115.47 and saw some sidewise session yesterday after a bearish candle few days back were the pair has created a shooting star pattern with some divergence in indicators but it continuing with the upward trend for past many days 114.70 is a key level , and the pair has taken out the resistance so likely to see some sidewise activity
Fundamental Overview
Yen is trading at 115.21, taking support at the 115.00 mark for most of the day yesterday. With the FED expected to stay on course for a rate hike, expect the Japanese yen to remain under pressure going forward. Industry and manufacturing data reported this morning was below expectations and added to the woes of the Yen. USDJPY remains a sell on every dip in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20:00 JPY Tankan All Big Industry CAPEX (Q4) 5.50% 6.10% 6.30%
05:20:00 JPY Tankan Big Manufacturing Outlook Index (Q4) 8 9 6
05:20:00 JPY Tankan Large Manufacturers Index (Q4) 10 10 6
10:00:00 JPY Industrial Production (MoM) (Oct) 0.10% 0.10%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 115.21, taking support at the 115.00 mark for most of the day yesterday. With the FED expected to stay on course for a rate hike, expect the Japanese yen to remain under pressure going forward. Industry and manufacturing data reported this morning was below expectations and added to the woes of the Yen. USDJPY remains a sell on every dip in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20:00 JPY Tankan All Big Industry CAPEX (Q4) 5.50% 6.10% 6.30%
05:20:00 JPY Tankan Big Manufacturing Outlook Index (Q4) 8 9 6
05:20:00 JPY Tankan Large Manufacturers Index (Q4) 10 10 6
10:00:00 JPY Industrial Production (MoM) (Oct) 0.10% 0.10%