USD/JPY TECHNICAL OUTLOOK : 15.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Japanese Yen is trading at 114.35, depreciating against the US dollar after hawkish comments from Fed chair Yellen drove the dollar higher. Japanese Industrial Productions was reported yesterday was better than expected. We can expect Japanese Yen to test 115.00 levels in near term.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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USD/JPY. Pair after opening at 113.75 made low of 113.21 and was trading with some sidewise to positive bias The pair was hovering near 113.50 and after the yellen speech the pair broke above the resistance of 113.70 and trended on the higher the pair has been trading in the broader range of 111.50 -115.00 now the pair can test the higher range of 115 in coming days so utilize any dips to buy the pair.Fundamental Overview
Japanese Yen is trading at 114.35, depreciating against the US dollar after hawkish comments from Fed chair Yellen drove the dollar higher. Japanese Industrial Productions was reported yesterday was better than expected. We can expect Japanese Yen to test 115.00 levels in near term.