USD/JPY TECHNICAL OUTLOOK : 13.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Japanese Yen is trading at 113.94, depreciating against US dollar. We have seen USDJPY pair reversing from 133.85 ahead of Trump-Abe’s meeting on Friday and making a low of 112.86 before stabilizing above 113.00 levels. Japanese Q4 GDP numbers were reported lower than expected at 1.0% adding to the down pressure on Yen. There was no major impact of the meeting between Donald Trump and Abe. Expect the pair to trade at 115 in coming day’s.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY GDP (QoQ) (Q4) 0.30% 0.30%
5:20 JPY GDP (YoY) (Q4) 1.10% 1.30%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair after opening at 113.22 made low of 112.85 and was trading with some sidewise to positive bias the pair is taking strong supports near 111.50 and few day back violated the upper boundary of 112.70 and had a strong bull candle signifies bulls are back and the pair can head upper end of the range at 115.00 in the near term so any dips is a buying opportunity.Fundamental Overview
Japanese Yen is trading at 113.94, depreciating against US dollar. We have seen USDJPY pair reversing from 133.85 ahead of Trump-Abe’s meeting on Friday and making a low of 112.86 before stabilizing above 113.00 levels. Japanese Q4 GDP numbers were reported lower than expected at 1.0% adding to the down pressure on Yen. There was no major impact of the meeting between Donald Trump and Abe. Expect the pair to trade at 115 in coming day’s.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY GDP (QoQ) (Q4) 0.30% 0.30%
5:20 JPY GDP (YoY) (Q4) 1.10% 1.30%