USD/JPY TECHNICAL OUTLOOK : 23.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 115.00 made a high of 115.38 and saw the pair traded with a positive bias but after the speech the pair reversed and closed lower now pair trading near the 50DMA at 113.50 if sustain and trade below the levels can head towards 113.00 marks so can be sold near 114.00.
Fundamental Overview
Yen is trading at 113.65, appreciating against the US dollar as markets shunned US dollar in the aftermath of Trump's inauguration. Asian markets are trading on a stable note in today's session so demand for the Yen as a safe haven is likely to be limited. As of today, we would need to watch out for the Dollar move to ascertain further direction. If 100.00 hold out in dollar index, we can expect the weakness in Yen to return.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Fundamental Overview
Yen is trading at 113.65, appreciating against the US dollar as markets shunned US dollar in the aftermath of Trump's inauguration. Asian markets are trading on a stable note in today's session so demand for the Yen as a safe haven is likely to be limited. As of today, we would need to watch out for the Dollar move to ascertain further direction. If 100.00 hold out in dollar index, we can expect the weakness in Yen to return.