USD/JPY TECHNICAL OUTLOOK : 25.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 113.86 made a low of 113.35 and saw the pair traded with a positive bias and taking supports near 112.70 levels and currently trading near the 113.50 mark near its 50Dma if sustain can head towards the 114.00 levels so dips shall be utilize to buy the pair.
Fundamental Overview
Yen is trading at 113.45, depreciating against the US dollar as risk appetite returned and the US dollar bounced from the lows that were seen yesterday. Trade balance data that was reported this morning was better than expected and helped in some recovery in the Yen. With the US dollar gaining momentum again we expect a retest of 114.00 if this dollar rally continues.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Adjusted Trade Balance 0.22T 0.54T
5:20 JPY Exports (YoY) (Dec) 1.20% -0.40%
5:20 JPY Imports (YoY) (Dec) -0.80% -8.80%
5:20 JPY Trade Balance (Dec) 270B 153B
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 113.45, depreciating against the US dollar as risk appetite returned and the US dollar bounced from the lows that were seen yesterday. Trade balance data that was reported this morning was better than expected and helped in some recovery in the Yen. With the US dollar gaining momentum again we expect a retest of 114.00 if this dollar rally continues.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Adjusted Trade Balance 0.22T 0.54T
5:20 JPY Exports (YoY) (Dec) 1.20% -0.40%
5:20 JPY Imports (YoY) (Dec) -0.80% -8.80%
5:20 JPY Trade Balance (Dec) 270B 153B