USD/JPY TECHNICAL OUTLOOK : 02.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 112.70 made a high of 113.95 and saw the pair tested the highs of 113.95 and could not sustain their now trading near the supports of 112.80 near the previous swing low of 112.04 if the pair able to close below that levels then further correcting will start so intraday sell on rise.
Fundamental Overview
Yen is trading at 113.00, failing to breach the 114 level in yesterday’s session. Stable equity markets limited the gains of the Japanese currency and the see-saw moves in the US dollar swung the Yen along with it. Today, the Yen could be driven by the risk appetite but most of the traders would be waiting for any signs of revival in the dollar after the non-farm payrolls data on Friday.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 113.00, failing to breach the 114 level in yesterday’s session. Stable equity markets limited the gains of the Japanese currency and the see-saw moves in the US dollar swung the Yen along with it. Today, the Yen could be driven by the risk appetite but most of the traders would be waiting for any signs of revival in the dollar after the non-farm payrolls data on Friday.