Thursday, March 9, 2017

USD/JPY TECHNICAL OUTLOOK : 10.3.2017

USD/JPY TECHNICAL OUTLOOK : 10.3.2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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USD/JPY. After Opening at 114.43 made low of 114.33 and saw the pair trading with a positive bias and after our markets the pair violated the recent swing high of 114.95 and today trading near the 115.15 mark if the pair able to sustain above 115 then range shift can be there, with NFP in today session likely to trade volatile.

Fundamental Overview

Dollar vs yen pair had a strong session yesterday just before the non farm payroll data schedule to be
reported in today session markets expected the data likely to come positive and , data surprise while coming above expectation then the pair can head higher with strong supports at 114.00 levels, meanwhile morning BSI large manufacturing data reported in morning was below expectation but the pair had no major impact on it.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20:00 JPY BSI Large Manufacturing Conditions (Q1) 1.1 8.4 7.5