USD/JPY TECHNICAL OUTLOOK : 03.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 117 and made high of 117.65 and saw trading side wise after some profit booking in last few sessions the pair is expected to consolidate in the range of 116.20-117.90 in the session going ahead and can correct to 115but there the medium term trader s can enters their long position for ride up to 120 levels.
Fundamental Overview
YEN remains largely unchanged against US dollar retraced from the high as major players remains on the side lines with pound appreciating against dollar and YEN and Euro saw some cool off with no major data likely to see a range bound activity. We expect to YEN to trade in a range as Japan remains closed today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
All Day JPY Holiday- Japan - New Year's Day
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
YEN remains largely unchanged against US dollar retraced from the high as major players remains on the side lines with pound appreciating against dollar and YEN and Euro saw some cool off with no major data likely to see a range bound activity. We expect to YEN to trade in a range as Japan remains closed today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
All Day JPY Holiday- Japan - New Year's Day