USD/JPY TECHNICAL OUTLOOK : 17.3.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
USDJPY traded amid a broad on-the-fact selloff in the Dollar after the FED did the expected. The pair shed nearly 1.5% in making a post-announcement low at 113.15. The BOJ policy announcement where chief Kuroda pledged ongoing "powerful monetary easing" going forward has created a room for dip buying in USDJPY. A super-easy Japan policy coupled with a tightening Fed should keep the dollar supported for the time being.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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USD/JPY. After Opening at 113.46 the pair made a high of 113.56 and was trading side wise during our session the pair had a narrow session after falling from the 115.50 levels now trading with some side wise bias and during the next week likely to continue its range of 112 on the down side and 115 on the upside to traders can trade this brooders rangeFundamental Overview
USDJPY traded amid a broad on-the-fact selloff in the Dollar after the FED did the expected. The pair shed nearly 1.5% in making a post-announcement low at 113.15. The BOJ policy announcement where chief Kuroda pledged ongoing "powerful monetary easing" going forward has created a room for dip buying in USDJPY. A super-easy Japan policy coupled with a tightening Fed should keep the dollar supported for the time being.