USD/JPY TECHNICAL OUTLOOK : 16.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Japanese Yen is trading at 113.39, appreciating against US dollar as profit booking comes in picture after Fed has raised interest rates for the first time this year by 25 basis points. Japanese Industrial number were reported better than expected yesterday but had no major impact as markets were focusing on how hawkish Fed would sound in yesterday’s meeting. Bank of Japan has kept the interest rates unchanged in today
monetary meeting at -0.1.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
Tentative JPY BoJ Monetary Policy Statement (YoY)
Tentative JPY BoJ Interest Rate Decision -0.10% -0.10% -0.10%
12:00 JPY BoJ Press Conference
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. After Opening at 114.85 made a high 114.82 and saw the pair consolidating after FOMC meet .the pair has been trading in the range of 115.82 and made a low of 113.16, so the same trend likely to continue until the pair breakout of the range but as the pair is making higher top and bottom dips shall be utilize to buy the pair.Fundamental Overview
Japanese Yen is trading at 113.39, appreciating against US dollar as profit booking comes in picture after Fed has raised interest rates for the first time this year by 25 basis points. Japanese Industrial number were reported better than expected yesterday but had no major impact as markets were focusing on how hawkish Fed would sound in yesterday’s meeting. Bank of Japan has kept the interest rates unchanged in today
monetary meeting at -0.1.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
Tentative JPY BoJ Monetary Policy Statement (YoY)
Tentative JPY BoJ Interest Rate Decision -0.10% -0.10% -0.10%
12:00 JPY BoJ Press Conference