USD/JPY TECHNICAL OUTLOOK - 23.08.2016
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USD/JPY. Pair after opening at 101.17and made a high of 102.15 and was seen strong buying pressure, the pair had bottom out and made a low of 98.98 and from there the pair had reversed and now trading near its 08Dma 102.35, the pair is not able to go below 99.levels and that has emerge as a strong support so any trade above 100.50 is a breakout buying in the pair
Fundamental Overview
Yen is trading at 100.25, appreciating marginally against the US dollar before Bank of Japan Governor Kuroda is set to speak today. Yen is likely to take support near the 100.00 level and would remain in the 100.00-101.00 range this week. Look to sell the Japanese currency near the 100.00 levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
09:30:00 JPY BoJ Governor Kuroda Speaks
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USD/JPY. Pair after opening at 101.17and made a high of 102.15 and was seen strong buying pressure, the pair had bottom out and made a low of 98.98 and from there the pair had reversed and now trading near its 08Dma 102.35, the pair is not able to go below 99.levels and that has emerge as a strong support so any trade above 100.50 is a breakout buying in the pair
Fundamental Overview
Yen is trading at 100.25, appreciating marginally against the US dollar before Bank of Japan Governor Kuroda is set to speak today. Yen is likely to take support near the 100.00 level and would remain in the 100.00-101.00 range this week. Look to sell the Japanese currency near the 100.00 levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
09:30:00 JPY BoJ Governor Kuroda Speaks
