USD/JPY TECHNICAL OUTLOOK : 09.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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USD/JPY. Pair after opening at 101.76 and made a high of 102.46 and was seen BUYING pressure from the downward levels the 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 hold that for the near term and intraday dips utilized to buy the pair
Fundamental Overview
Yen is trading at 102.10,depreciating against the US dollar as markets took to the US dollar in yesterday’s trade. Positive economic data reported from Japan yesterday failed to help the currency appreciate as investors remain hungry for additional stimulus from the Bank of Japan. We expect the Japanese Yen to trade in the broader range of 100.50-103.00 going into the FOMC September meeting.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
10:00:00 AM JPY Tertiary Industry Activity Index (MoM) 0.40% 0.80%
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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USD/JPY. Pair after opening at 101.76 and made a high of 102.46 and was seen BUYING pressure from the downward levels the 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 hold that for the near term and intraday dips utilized to buy the pair
Fundamental Overview
Yen is trading at 102.10,depreciating against the US dollar as markets took to the US dollar in yesterday’s trade. Positive economic data reported from Japan yesterday failed to help the currency appreciate as investors remain hungry for additional stimulus from the Bank of Japan. We expect the Japanese Yen to trade in the broader range of 100.50-103.00 going into the FOMC September meeting.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
10:00:00 AM JPY Tertiary Industry Activity Index (MoM) 0.40% 0.80%
