USD/JPY TECHNICAL OUTLOOK : 9.3.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Japanese Yen is trading at 114.41, depreciation against US dollar. Key reason for this move was US dollar strength post better than expected ADP Nonfarm employment data. There is no major economic data to be reported form Japanese economy for the day. Markets would now focus on Nonfarm payroll and BLS Unemployment data which are due to be reported tomorrow. US dollar movement will drive USD/JPY pair today. We prefer to buy USD/JPY pair on dips.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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USD/JPY. After After opening at 113.98 pair made a low 113.57 and had a strong bounce with a bullish candle yesterday after the ADP data and pair now trading near 114.30 mark likely to see some follow through in today session where the pair can test previous swing high near 114.90 so intraday dips shall be utilize to but the pair.Fundamental Overview
Japanese Yen is trading at 114.41, depreciation against US dollar. Key reason for this move was US dollar strength post better than expected ADP Nonfarm employment data. There is no major economic data to be reported form Japanese economy for the day. Markets would now focus on Nonfarm payroll and BLS Unemployment data which are due to be reported tomorrow. US dollar movement will drive USD/JPY pair today. We prefer to buy USD/JPY pair on dips.