USD/JPY TECHNICAL OUTLOOK : 6.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Japanese Yen is trading at 113.80, reversing from the high of 114.73. US dollar weakness was key reason for this move, we have seen US dollar loosing upward movement after comments from FED chair Yellen on Friday, she said a hike could be appropriate if the economy evolves as expected. There is no economic data to be reported from Japan for the day. We prefer buying USD/JPY pair on dips.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair Dollar against the Yen after finding support at around 111.80 levels has run positive throughout the last week to reach 114.60. The pair though has rallied enough, there still are chances of it climbing up to test 115.50 levels. Intraday dips to 113.50-113.40 levels could be used to enter into long positions with a stop placed below 113.10 and targets set close to around 114.20.Fundamental Overview
Japanese Yen is trading at 113.80, reversing from the high of 114.73. US dollar weakness was key reason for this move, we have seen US dollar loosing upward movement after comments from FED chair Yellen on Friday, she said a hike could be appropriate if the economy evolves as expected. There is no economic data to be reported from Japan for the day. We prefer buying USD/JPY pair on dips.