USD/JPY TECHNICAL OUTLOOK : 08.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Yen is trading at 112.16, depreciating against US dollar, following the US dollar strength globally. Japan’s Current Account deficit was reported this morning came in better than expected at 1.112T. No data scheduled for the day and focus would be on the US dollar strength and overall risk aversion in the markets.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Adjusted Current Account 1.71T 1.80T
5:20 JPY Current Account n.s.a. (Dec) 1.295T 1.416T
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
USD/JPY. Pair after opening at 111.78 made low of 111.57 and was trading with some negative bias but after making a low below 111.57 bounced but could not surpass the levels of 113.00 so the pair is likely to range bound between levels of 111.50-112.70 levels during the day.Fundamental Overview
Yen is trading at 112.16, depreciating against US dollar, following the US dollar strength globally. Japan’s Current Account deficit was reported this morning came in better than expected at 1.112T. No data scheduled for the day and focus would be on the US dollar strength and overall risk aversion in the markets.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Adjusted Current Account 1.71T 1.80T
5:20 JPY Current Account n.s.a. (Dec) 1.295T 1.416T