USD/JPY TECHNICAL OUTLOOK : 06.10.2016

USD/JPY TECHNICAL OUTLOOK : 06.10.2016

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE

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USD/JPY. Pair after opening at 102.87 and made low of 102.63 and was trading with positive bias and a strong session yesterday after violating the resistance mark of 102-90-103 levels the pair had three positive session after violating 101.50 so now 103 will act as a strong support for intraday dips shall be utilize to buy the pair

Fundamental Overview

Yen is trading at 103.40, depreciating the most against the US dollar. Positive equity market performance and a stronger US dollar are likely to keep the Yen under pressure. With focus now shifting to the US employment data, another positive reading should take the yen towards the 105 mark.

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