USD/JPY TECHNICAL OUTLOOK : 09.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at 115.43made a low of 115.03 and saw the strongest reversal after the release of NFP of the US were but Japanese markets are closed today for coming of age day and movement in the USDJPY pair would be dependent on the US dollar flows. and likely to see some range bound activity in the pair but long term trend remains on the buy side.
Fundamental Overview
Yen is trading at 117.26, depreciating against the US dollar after the NFP data was reported on Friday. The USDJPY pair moved towards 115.07 before moving back above the 117.00 mark. Japanese markets are closed today for coming of age day and movement in the USDJPY pair would be dependent on the US dollar flows.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 117.26, depreciating against the US dollar after the NFP data was reported on Friday. The USDJPY pair moved towards 115.07 before moving back above the 117.00 mark. Japanese markets are closed today for coming of age day and movement in the USDJPY pair would be dependent on the US dollar flows.