USD/JPY TECHNICAL OUTLOOK : 21.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 117.07and made high of 118.24 and saw some buying from the lower levels in the session yesterday after the policy announcement in the pair the pair had a 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 , but the pair is not sustaining at the lower levels and bounced so dips shall be utilized to buy the pair.
Fundamental Overview
Yen is trading at 117.60, after depreciating to 118.20 in the Asian session. Bank of Japan leaving the interest rates unchanged and suggesting no reduction in the bond buying program accentuated the policy divergence theory and led to broad base selling in Yen. We expect a retest of 118 in today’s session.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 117.60, after depreciating to 118.20 in the Asian session. Bank of Japan leaving the interest rates unchanged and suggesting no reduction in the bond buying program accentuated the policy divergence theory and led to broad base selling in Yen. We expect a retest of 118 in today’s session.