USD/JPY TECHNICAL OUTLOOK : 16.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY 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 : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair after opening at 114.29 made high of 114.94 and saw the pair strong profit booking after a run up from the lower range of 111.50and now trading below 114, likely to remain range of 113-114.50 during the day with bouts of volatile so intraday traders utilize the range to trade the volatile in the pair with strong supports comes at 113.levels.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.