USD/JPY TECHNICAL OUTLOOK : 20.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Japanese Yen is trading at 113.11, depreciating against US dollar after lower than expected Trade Balance numbers were reported this morning. Yen has not been volatile on Friday against the US dollar as compared to the Euro or Pound. 113.00 is likely to remain a stick point for the day but the next move would be dependent on the US dollar’s trajectory.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Adjusted Trade Balance 0.16T 0.28T 0.33T
5:20 JPY Exports (YoY) (Jan) 1.30% 4.70% 5.40%
5:20 JPY Trade Balance (Jan) -1,087B -637B 641B
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair after opening at 113.26 made high of 113.51 and saw the pair trading with some negative bias and tested and violated the supports of 113.00 levels , but overall the pair is trading a broader range of 111.50 to 115 on the up side until this range violates likely to remain volatile so intraday sell on rise.Fundamental Overview
Japanese Yen is trading at 113.11, depreciating against US dollar after lower than expected Trade Balance numbers were reported this morning. Yen has not been volatile on Friday against the US dollar as compared to the Euro or Pound. 113.00 is likely to remain a stick point for the day but the next move would be dependent on the US dollar’s trajectory.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Adjusted Trade Balance 0.16T 0.28T 0.33T
5:20 JPY Exports (YoY) (Jan) 1.30% 4.70% 5.40%
5:20 JPY Trade Balance (Jan) -1,087B -637B 641B