USD/JPY TECHNICAL OUTLOOK : 19.01.2017
USD/JPY. Pair after opening at 112.72 made a low of 112.60 and saw the pair had a taken supports of
112.60 and bounced and now trading above the 50DMA at 113.50 with a bullish candle this signifies bulls are back and dips shall be utilize to buy the pair and the pair can head towards 115.00 levels.
Fundamental Overview
Yen jumped to 114.70 from neat the 113.00 levels that were seen for most of yesterday's session. Comments from Yellen about rate hikes and fine points in the FOMC Beige book helped in reviving the demand for US dollar. Yen moved close to two big figures and if there are no negative surprises tomorrow from Trump, expect a retest of 118.00 in the days ahead.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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112.60 and bounced and now trading above the 50DMA at 113.50 with a bullish candle this signifies bulls are back and dips shall be utilize to buy the pair and the pair can head towards 115.00 levels.
Fundamental Overview
Yen jumped to 114.70 from neat the 113.00 levels that were seen for most of yesterday's session. Comments from Yellen about rate hikes and fine points in the FOMC Beige book helped in reviving the demand for US dollar. Yen moved close to two big figures and if there are no negative surprises tomorrow from Trump, expect a retest of 118.00 in the days ahead.