JPYINR Intraday Outlook : 27.3.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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USD-JPY logged a two-session high at 111.48 in Tokyo trade Friday as both the dollar and Wall Street recovered some of ground lost midweek. Markets were giving the benefit of the doubt to Trump's ultimatum on the ACA bill, the vote of which has been delayed to later on Friday from Thursday. Trump had pledged to carry on with the rest of his agenda if the bill isn't passed, and there is some grounds to expect that his plans for tax cuts and deregulation would be easier hurdles for the Republican controlled House and Senate. In Japan on Friday, the preliminary March manufacturing PMI fell to a reading of 52.6, its lowest level in three months and down from 53.3 in the month prior. Weakness in new orders and lower foreign demand weighed on the survey's headline.