USD/JPY TECHNICAL OUTLOOK : 08.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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USD/JPY. Pair after opening at 102.06 and made a high of 102.16 and was seen selling pressure from the downward sloping trend line marked in the report few days back, the pair is having a key support at 100- 99.50 in the near term and is likely to test that level so any rise shall be utilized to sell the pair
Fundamental Overview
Yen is trading at 101.69, after appreciating to 101.19 amidst dollar weakness. Second quarter GDP data reported today has shown a 0.2% rise but failed to help the yen appreciate. Movement in the Yen would be dollar dependent for the rest of the week and the ECB announcement could add some volatility. Overall, the appreciating trend is likely to be limited near the 100 mark.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20:00 JPY Adjusted Current Account 1.59T 1.65T
05:20:00 JPY Current Account n.s.a. (Jul) 2.090T 0.974T
05:20:00 JPY GDP (YoY) (Q2) 0.20% 0.20%
05:20:00 JPY GDP (QoQ) (Q2) 0.00% 0.00%
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Fundamental Overview
Yen is trading at 101.69, after appreciating to 101.19 amidst dollar weakness. Second quarter GDP data reported today has shown a 0.2% rise but failed to help the yen appreciate. Movement in the Yen would be dollar dependent for the rest of the week and the ECB announcement could add some volatility. Overall, the appreciating trend is likely to be limited near the 100 mark.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20:00 JPY Adjusted Current Account 1.59T 1.65T
05:20:00 JPY Current Account n.s.a. (Jul) 2.090T 0.974T
05:20:00 JPY GDP (YoY) (Q2) 0.20% 0.20%
05:20:00 JPY GDP (QoQ) (Q2) 0.00% 0.00%
