USD/JPY TECHNICAL OUTLOOK:7.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at102.92 and made HIGH of 103.37 and could not sustain the higher levels of 104 mark the was trading in the narrow range but after opening it gaped up with strong candle so intraday dips shall be utilized to buy the pair
Fundamental Overview
Yen is trading at 104.20, continuing with the deprecation against the US dollar after taking support at 102.50. Bank of Japan meeting minutes indicated that one of the members proposed additional measures to reach the 2% inflation target. With the US dollar gaining momentum and clear majority emerging for Clinton, expect further sell off in Yen.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 104.20, continuing with the deprecation against the US dollar after taking support at 102.50. Bank of Japan meeting minutes indicated that one of the members proposed additional measures to reach the 2% inflation target. With the US dollar gaining momentum and clear majority emerging for Clinton, expect further sell off in Yen.
