USD/JPY TECHNICAL OUTLOOK:28.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at 112.75 and made high of 113.90 continuing with the upward trend as key resistance at 112.40 has been comfortably taken out. Expect some resistance near the 114.00 mark but the thin trading volumes in the markets could help the slide in Yen. But reversed so intraday is a sell on rise for the day
Fundamental Overview
Yen is trading at 111.91, gaining some lost ground against the US dollar. Risk appetite took a hit with the slide in oil prices as markets remained skeptical about a deal between in the OPEC nations. Expect further weakness in the US dollar during the week before the non-farm payrolls data but the slide should be limited.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 111.91, gaining some lost ground against the US dollar. Risk appetite took a hit with the slide in oil prices as markets remained skeptical about a deal between in the OPEC nations. Expect further weakness in the US dollar during the week before the non-farm payrolls data but the slide should be limited.
