USD/JPY TECHNICAL OUTLOOK : 14.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Japanese Yen is trading at 113.73, traded in a narrow range against the US dollar after Friday’s Trump-Abe meeting turned out to be non-event and the Japanese Q4 GDP data being reported below expectations. Japanese industrial production to be reported today and is unlikely to have a major impact. We expect another attempt by the pair to breach 114 and a hawkish stance from Yellen will propel the pair higher.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
10:00 JPY Industrial Production (MoM) (Dec) 0.50% 0.50%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair after opening at 113.20 made low of 113.20 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 113.73, traded in a narrow range against the US dollar after Friday’s Trump-Abe meeting turned out to be non-event and the Japanese Q4 GDP data being reported below expectations. Japanese industrial production to be reported today and is unlikely to have a major impact. We expect another attempt by the pair to breach 114 and a hawkish stance from Yellen will propel the pair higher.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
10:00 JPY Industrial Production (MoM) (Dec) 0.50% 0.50%