USD/JPY TECHNICAL OUTLOOK : 22.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Japanese Yen is trading at 113.40, remaining close to the 113.00 mark in the last two sessions. US dollar’s strength was the key driver in the last two session and investors would focus on the FOMC meeting minutes that are to be reported later in the evening. Any hints of a rate hike in March will push the dollar higher and the USDJPY pair near the 115.0 mark.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair after opening at 113.26 made high of 113.51 and saw the pair trading with some negative bias and tested and violated the supports of 113.00 levels , but overall the pair is trading a broader range of 111.50 to 115 on the up side until this range violates likely to remain volatile so intraday sell on rise.Fundamental Overview
Japanese Yen is trading at 113.40, remaining close to the 113.00 mark in the last two sessions. US dollar’s strength was the key driver in the last two session and investors would focus on the FOMC meeting minutes that are to be reported later in the evening. Any hints of a rate hike in March will push the dollar higher and the USDJPY pair near the 115.0 mark.