USD/JPY TECHNICAL OUTLOOK : 22.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at 117.84and made high of 118.04 and saw some buying from the lower levels in the session yesterday after the policy announcement few days back the pair is stuck in the range of 118.70-116.50 in the near term and likely to be in the range so trade the range but intraday 117 is a strong support so demand can come in the pair.
Fundamental Overview
Yen is trading at 117.56, trading above the 117.00 mark in most of yesterday’s trading session. Profit booking in the US dollar helped in recovering some losses in the currency pair. Yen continues to remain a sell on the every rise with a view for USDJPY to breach 120 early next year.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 117.56, trading above the 117.00 mark in most of yesterday’s trading session. Profit booking in the US dollar helped in recovering some losses in the currency pair. Yen continues to remain a sell on the every rise with a view for USDJPY to breach 120 early next year.