USD/JPY TECHNICAL OUTLOOK : 12.01.2017

USD/JPY TECHNICAL OUTLOOK : 12.01.2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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USD/JPY. Pair after opening at 115.40 made a high of 116.24 and saw a side wise session in the pair before the trump speech at one point in time yesterday after the press conference. the pair has now moved back above the 115.00 handle which will continue to act as a support in the near term. No violated the range of 115-117 can see some more selling pressure for the day.

Fundamental Overview

Yen has appreciated the most against the US dollar to trade below 114.30 at one point in time yesterday after the press conference. the pair has now moved back above the 115.00 handle which will continue to act as a support in the near term.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Adjusted Current Account 1.80T 1.48T 1.93T
5:20 JPY Current Account n.s.a. (Nov) 1.416T 1.500T 1.720T