USD/JPY TECHNICAL OUTLOOK : 27.09.2016

USD/JPY TECHNICAL OUTLOOK : 27.09.2016

NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE

Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

USD/JPY. Pair after opening at 101 and made high of 101.13 and was trading volatile between range of 100.50-101.10 levels the pair likely to be range bound between the range of 100-102 for coming sessions , 99.50 will act as a strong support while the strong resistance is coming at 103 so pair is likely to be volatile in this range, but intraday can see some bounce

Fundamental Overview

Yen is trading at 100.71, after yet another attempt to breach the 100.00 mark. Yen depreciated after the Bank of Japan meeting minutes were reported. The meeting minutes indicated that the members believed that the existing stimulus package would not be sufficient to prop up inflation. We can expect another attempt by Yen to breach the 100.00 mark as uncertainty from US persists.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20 JPY Monetary Policy Meeting Minutes

DISCLAIMER

The suggestions made herein are for information purposes and are not recommendations to any person to buy or sell any securities. The information is derived from various sources that are deemed to be reliable but its accuracy and completeness are not guaranteed.Our blog does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. And we won't be liable or responsible for any legal or financial losses made by anyone .Any surfing and reading of the information available in this blog is the acceptance of this disclaimer.