USD/JPY TECHNICAL OUTLOOK : 8.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 113.0 and made high of 114.20 and saw some sidewise to buying session yesterday after a bearish candle few days back but it continuing with the upward trend for past many days 114.70 is a key resistance and pair is likely to be respect 112 as it has taken out 109 comfortably. But not sustain above 114 mark with divergence in indicators so likely to see some selling pressure.
Fundamental Overview
Yen is trading at 113.36, appreciating against the US dollar as markets weigh the dollar strength going into the ECB event today. With the FOMC coming in focus after ECB event today, markets are likely to push the Yen lower as policy divergence remains the key driver. Look for opportunities near 113.00 to go long dollar again.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20:00 AM JPY Current Account n.s.a. (Oct) 1.720T 1.577T 1.821T
5:20:00 AM JPY GDP (YoY) (Q3) 1.30% 2.40% 2.20%
5:20:00 AM JPY GDP (QoQ) (Q3) 0.30% 0.60% 0.50%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 113.36, appreciating against the US dollar as markets weigh the dollar strength going into the ECB event today. With the FOMC coming in focus after ECB event today, markets are likely to push the Yen lower as policy divergence remains the key driver. Look for opportunities near 113.00 to go long dollar again.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20:00 AM JPY Current Account n.s.a. (Oct) 1.720T 1.577T 1.821T
5:20:00 AM JPY GDP (YoY) (Q3) 1.30% 2.40% 2.20%
5:20:00 AM JPY GDP (QoQ) (Q3) 0.30% 0.60% 0.50%