JPYINR Intraday Outlook : 29.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY pair is trading at 111.19, after making the lows of 110.19 in yesterday’s session. The key reasons for these move was supportive comments from the Fed and Consumer Confidence report which was reported higher than expectations. This resulted in rising yields, rising stocks, and a rising dollar. Japanese Retail Sales data which was reported this morning was lower than expectations. Expect 111.00 levels to act as pivot in USD/JPY pair.