USD/JPY TECHNICAL OUTLOOK : 18.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair after opening at 114.11 made a high of 114.29 and saw the pair had a negative session after violating the supports of 113.70the pair tested the levels of 112.70 and now near 113.00 if 112.70 taken out on down side can see continuation of trend but if hold can see some bounce.
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.