USD/JPY TECHNICAL OUTLOOK:10/24/2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USD/JPY. Pair after opening at103.95and made high of 104.20 and was trading with sidewise to positive ,the pair has not able to violated the recent swing high of 104.62 and struggling to make a new high but making a lower high in hourly so buy on dips shall be utilize in the pair.
Fundamental Overview
Yen is trading at 103.94, remaining close to the 104.00 levels after the trade data was reported this morning. There was a marginal fall recorded in the imports and exports helping the trade balance to improve. Manufacturing PMI was reported higher at 51.7 against an expectation of 51.7. We expect the currency pair to surge past the 104.00 mark in the coming week with a focus on overall risk aversion and US dollar strength.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
05:20:00 JPY Adjusted Trade Balance 0.20T 0.36T
05:20:00 JPY Exports (YoY) (Sep) -10.40% -9.60%
05:20:00 JPY Trade Balance (Sep) 342B -19B
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Yen is trading at 103.94, remaining close to the 104.00 levels after the trade data was reported this morning. There was a marginal fall recorded in the imports and exports helping the trade balance to improve. Manufacturing PMI was reported higher at 51.7 against an expectation of 51.7. We expect the currency pair to surge past the 104.00 mark in the coming week with a focus on overall risk aversion and US dollar strength.
Economic Data & News
TIME COUNTRY DATA SURV PREVIOUS
05:20:00 JPY Adjusted Trade Balance 0.20T 0.36T
05:20:00 JPY Exports (YoY) (Sep) -10.40% -9.60%
05:20:00 JPY Trade Balance (Sep) 342B -19B
