USD/JPY TECHNICAL OUTLOOK : 17.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Japanese Yen is trading at 113.38, correcting from the highs of 114.95 that were seen after Yellen’s speech on Tuesday. Weakness in the US dollar is being reflected through the Yen’s recovery but we feel the USDJPY would take support near the 113.00 for the day. Expect 113.00 to be tested during the day but a step fall from there doesn’t look likely.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair after opening at 114.23 made high of 114.32 and saw the pair strong profit booking after a run up from the lower range of 111.50 and now trading below 114, likely to remain range of 113-113.70 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 113.38, correcting from the highs of 114.95 that were seen after Yellen’s speech on Tuesday. Weakness in the US dollar is being reflected through the Yen’s recovery but we feel the USDJPY would take support near the 113.00 for the day. Expect 113.00 to be tested during the day but a step fall from there doesn’t look likely.