USD/JPY TECHNICAL OUTLOOK : 06.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Yen is trading at 112.45, after trading between the 113.49 and 112.58 mark since the non-farm data on
Friday. While the NFP outcome was solid, soft U.S. earnings figures may have dented FX market
expectations for a sooner than later Fed hike. Yen has also lost appeal after the sharp rise in risk appetite post Donald Trump’s executive order scrapping Dodd-Frank regulation. The pair is likely to trade in a range for the day.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:30:00 JPY Average Cash Earnings (YoY) 0.10% 0.40% 0.50%
05:30:00 JPY Overtime Pay (YoY) (Dec) -1.90% -1.30%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair after opening at 112.83 made low of 112.27 and was trading with some positive bias and traded above 113. levels but after the NFP data the pair made a high of 113.49 and reversed and now trading near 112.40, on the lower side 112. is a strong support if the pair able to trade and close below the said levels the can see a strong correction.Fundamental Overview
Yen is trading at 112.45, after trading between the 113.49 and 112.58 mark since the non-farm data on
Friday. While the NFP outcome was solid, soft U.S. earnings figures may have dented FX market
expectations for a sooner than later Fed hike. Yen has also lost appeal after the sharp rise in risk appetite post Donald Trump’s executive order scrapping Dodd-Frank regulation. The pair is likely to trade in a range for the day.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:30:00 JPY Average Cash Earnings (YoY) 0.10% 0.40% 0.50%
05:30:00 JPY Overtime Pay (YoY) (Dec) -1.90% -1.30%