USD/JPY TECHNICAL OUTLOOK : 19.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at 118.22 and made high of 118.42 and saw some profit booking in the session yesterday after strong run-up from the lower levels the pair is making higher top and bottom formation I n the daily time frame and this is a correction in ongoing trend \only intraday can sell as pair created a small double top in hourly chart but so intraday sell can be initiated at the said levels
Fundamental Overview
Yen is trading at 117.63, as the USDJPY pair fell to 117.50 after the China drone seizure story was published. Scare for a geopolitical tension drove the pair lower but with the tensions cooling off now, we can expect a continued journey of the Yen towards further depreciation. Bank of Japan policy meeting is set to begin today and the statement, which is expected to have to major changes is due to be published tomorrow.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20:00 JPY Adjusted Trade Balance 0.54T 0.59T 0.47T
05:20:00 JPY Exports (YoY) (Nov) -0.004 -0.02 -0.103
05:20:00 JPY Trade Balance (Nov) 153B 227B 496B
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 117.63, as the USDJPY pair fell to 117.50 after the China drone seizure story was published. Scare for a geopolitical tension drove the pair lower but with the tensions cooling off now, we can expect a continued journey of the Yen towards further depreciation. Bank of Japan policy meeting is set to begin today and the statement, which is expected to have to major changes is due to be published tomorrow.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20:00 JPY Adjusted Trade Balance 0.54T 0.59T 0.47T
05:20:00 JPY Exports (YoY) (Nov) -0.004 -0.02 -0.103
05:20:00 JPY Trade Balance (Nov) 153B 227B 496B