USD/JPY TECHNICAL OUTLOOK : 01.09.2016

USD/JPY TECHNICAL OUTLOOK : 01.09.2016

USD/JPY. Pair after opening at 102.98 and made a high of 103.34 and was seen buying pressure after the breakout above 100.80 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 103.35, the pair is not able to go below 99.levels and that has emerge as a strong support so any dip shall be utilized to buy the pair

Fundamental Overview

Yen is trading at 103.15, breaking the 103.00 mark as markets remain wary about the non-farm payrolls data that is to be reported on Friday. Stronger than expected economic data from the US added to the weakness of the Yen and we can expect the trend to continue going into the key data tomorrow.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
05:20:00 JPY Capital Spending (YoY) (Q2) 5.60% 4.20%
09:15:00 JPY 10-Year JGB Auction -0.05%
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