USD/JPY TECHNICAL OUTLOOK : 11.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 115.85 made a high of 116.24 and side wise session after few day back seen reversal from the higher levels the pair tested the Fibonacci 0.618 of this move is pair is expected to consolidate in the range of 115.00-117.00 for the coming days so try to trade that range
Fundamental Overview
Japanese Yen continued to remain hinged near the 116.00 handle with a low of 115.35 seen in the Asian session. Softer yields and improved risk appetite across the globe led to a decline in demand for the Japanese currency, with the pair quickly scaling back above the 116.00 mark. Trump speech would be the key for today and if another leg of US dollar rally begins, we can expect 118 by end of this week.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Japanese Yen continued to remain hinged near the 116.00 handle with a low of 115.35 seen in the Asian session. Softer yields and improved risk appetite across the globe led to a decline in demand for the Japanese currency, with the pair quickly scaling back above the 116.00 mark. Trump speech would be the key for today and if another leg of US dollar rally begins, we can expect 118 by end of this week.