USD/JPY TECHNICAL OUTLOOK : 16.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at 114.67 made a high of 115.44 and saw a side wise activity in the pair after gap down opening in the pair which took the pair below 114.00 levels and now trading near 114.00 levels would likely to consolidate in the range of 113.50-114.50 and with support coming at 113.(50DMA) so enter at that levels.
Fundamental Overview
Yen is trading at 114.10 after making a high of 115.45 in the aftermath of the US data. The pairing is well off of its one-month low of 113.75 posted on Thursday, as markets overall have stabilized following the post- Trump press conference shake-up. Some consolidation is expected now, though should data continue to strengthen, keeping Fed speak leaning to the hawkish side, USD-JPY upside can be expected to resume.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
10:00 JPY Tertiary Industry Activity Index (MoM) 0.20%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 114.10 after making a high of 115.45 in the aftermath of the US data. The pairing is well off of its one-month low of 113.75 posted on Thursday, as markets overall have stabilized following the post- Trump press conference shake-up. Some consolidation is expected now, though should data continue to strengthen, keeping Fed speak leaning to the hawkish side, USD-JPY upside can be expected to resume.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
10:00 JPY Tertiary Industry Activity Index (MoM) 0.20%