USD/JPY TECHNICAL OUTLOOK : 28.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Japanese Yen is trading at 112.66, depreciating against US dollar. Hawkish speech from FOMC voting member Kaplan gave a spring board to the US dollar. Markets would be focusing on Trump speech later in the day where he is expected to announce his infrastructure spending plans and an expansive fiscal policy could give the US dollar its required boost. Japanese Industrial Production which was reported this morning was lower than expectations and Retails Sales were reported better than expected.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Industrial Production (MoM) (Jan) -0.80% 0.30% 0.70%
5:20 JPY Retail Sales (YoY) (Jan) 1.00% 0.90% 0.60%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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USD/JPY. Pair after Opening at 112, the pair made a low 111.89 and saw the pair reverse from the lower levels and saw the pair making a strong bull candle signifying bulls are back and if holds that 111.50 levels in the near term likely to test the high levels of 114.95 that is the near term swing high.Fundamental Overview
Japanese Yen is trading at 112.66, depreciating against US dollar. Hawkish speech from FOMC voting member Kaplan gave a spring board to the US dollar. Markets would be focusing on Trump speech later in the day where he is expected to announce his infrastructure spending plans and an expansive fiscal policy could give the US dollar its required boost. Japanese Industrial Production which was reported this morning was lower than expectations and Retails Sales were reported better than expected.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Industrial Production (MoM) (Jan) -0.80% 0.30% 0.70%
5:20 JPY Retail Sales (YoY) (Jan) 1.00% 0.90% 0.60%