USD/JPY TECHNICAL OUTLOOK : 14.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Japanese Yen is trading at 114.83, depreciating against US dollar. We have seen USD/JPY pair taking
support at 114.50 levels. Economic calendar remains light for the day. There was no data to move the market and the dollar overall was mixed. The same is expected to continue for USD/JPY pair ahead of the FOMC meet due on Wednesday. Prefer buying USD/JPY pair on dips.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. After Opening at 115.07 and made a high of 115.50 and trading with some side wise bias but evening session the pair reversed from the levels of 115.50 and now trading below the 115. Levels if the pair able to sustain above 114.00 levels then likely to test 115.50 again so still dips shall be utilize to buy the pair from the lower levels bigger range 112.-116 on the pair and likely to sell some buying interest coming from the lower levels.Fundamental Overview
Japanese Yen is trading at 114.83, depreciating against US dollar. We have seen USD/JPY pair taking
support at 114.50 levels. Economic calendar remains light for the day. There was no data to move the market and the dollar overall was mixed. The same is expected to continue for USD/JPY pair ahead of the FOMC meet due on Wednesday. Prefer buying USD/JPY pair on dips.
