USD/JPY TECHNICAL OUTLOOK : 23.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Japanese Yen is trading at 113.26, depreciating against US dollar post FOMC minutes. The FOMC minutes showed that the members were keen on interest rate hikes but there was no urgency to do that in the next meeting. We have seen USDJPY pair making a low of 112.89 as markets sold off the US dollar. US initial jobless claims would be on focus for the day. Expect 113.00 to act as pivot.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair after opening at At 113.65 made a high of 113.73 and corrected below the levels of 112.87 and again bounced, and now trading above 113 levels the pair has been hovering near the 113 mark for past 2-3 days and broader range in the pair has been 111.50 on the down side and 114.95 on the up side until this levels goes on any side the pair likely to remain side wise.Fundamental Overview
Japanese Yen is trading at 113.26, depreciating against US dollar post FOMC minutes. The FOMC minutes showed that the members were keen on interest rate hikes but there was no urgency to do that in the next meeting. We have seen USDJPY pair making a low of 112.89 as markets sold off the US dollar. US initial jobless claims would be on focus for the day. Expect 113.00 to act as pivot.