USD/JPY TECHNICAL OUTLOOK : 7.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
The Yen, with the US and Japan defense chiefs conferring on the North Korean missile launches and
agreeing the launches were "unacceptable and irresponsible", markets will be concerned of the political developments in Japan. Meanwhile, BOJ member Masai reiterates concerns for Japan’s economy on the verge of large swings in exchange rates. She said risks to Japan's economy have subsided compared with the second half of last year, as a tightening job market supported household confidence and consumption. But the BOJ stands ready to expand stimulus if necessary, as consumption and wage growth still lack momentum. Yen against USD traded flat to negative yesterday and is expected to trade under pressure.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. After Opening 114.00 and made a high of 114.13 and was trading in narrow range through out the day after seen profit booking a day before, after the yellen speech a day before the pair is having a strong support of 113.50 and intraday resistance comes at 114.90 and likely to trade in the above mentioned range so intraday traders can trade above mentioned range..Fundamental Overview
The Yen, with the US and Japan defense chiefs conferring on the North Korean missile launches and
agreeing the launches were "unacceptable and irresponsible", markets will be concerned of the political developments in Japan. Meanwhile, BOJ member Masai reiterates concerns for Japan’s economy on the verge of large swings in exchange rates. She said risks to Japan's economy have subsided compared with the second half of last year, as a tightening job market supported household confidence and consumption. But the BOJ stands ready to expand stimulus if necessary, as consumption and wage growth still lack momentum. Yen against USD traded flat to negative yesterday and is expected to trade under pressure.