USD/JPY TECHNICAL OUTLOOK : 17.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at 114.52 made a high of 114.70 and saw a side wise activity in the pair after gap down opening in the pair which took the pair below 114.00 levels day before yesterday 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
Japanese Yen is trading at 114.20 after appreciating to a six-week lows in the mid 113s, reflecting demand for currency safe haven of the yen with stock markets in Asia and U.S. index futures trading mostly lower. The pair is now well off the trend high seen before Christmas at 118.66, with the bull trend having lost thrust over the Christmas/New Year period amid doubts about U.S. president-elect Trump's relation plans. expect the pair to hinge around 114 as Brexit related risk would increase demand for the Yen.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
10:00 JPY Industrial Production (MoM) (Nov) 1.50% 1.50%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Japanese Yen is trading at 114.20 after appreciating to a six-week lows in the mid 113s, reflecting demand for currency safe haven of the yen with stock markets in Asia and U.S. index futures trading mostly lower. The pair is now well off the trend high seen before Christmas at 118.66, with the bull trend having lost thrust over the Christmas/New Year period amid doubts about U.S. president-elect Trump's relation plans. expect the pair to hinge around 114 as Brexit related risk would increase demand for the Yen.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
10:00 JPY Industrial Production (MoM) (Nov) 1.50% 1.50%