USD/JPY TECHNICAL OUTLOOK : 01.03.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Japanese Yen is trading at 113.00, depreciating against the US dollar after trading at 111.65 before the US FED members spoke yesterday. Chances of a rate hike from the US and the speech from the US President, in which, he promised tax cuts and infrastructure spending will keep the US dollar bid against the yen for the day. Equities will remain positive and is likely to be risk positive reducing the demand for Yen. Expect 112.00 to act as a floor for the days ahead.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Capital Spending (YoY) (Q4) 3.80% 0.60% -1.30%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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USD/JPY. Pair after Opening at 112.69 made a low of 111.66 and reversed with a bullish candle with a lower wick on the down side signifying demand near the supports zone of 111.50 and bulls are back with some positivity so if the pair able to sustain the levels of 112 can head towards the recent swing high of 114.90 so utilize dips to enter the pair.Fundamental Overview
Japanese Yen is trading at 113.00, depreciating against the US dollar after trading at 111.65 before the US FED members spoke yesterday. Chances of a rate hike from the US and the speech from the US President, in which, he promised tax cuts and infrastructure spending will keep the US dollar bid against the yen for the day. Equities will remain positive and is likely to be risk positive reducing the demand for Yen. Expect 112.00 to act as a floor for the days ahead.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20 JPY Capital Spending (YoY) (Q4) 3.80% 0.60% -1.30%
