USD/JPY TECHNICAL OUTLOOK : 02.09.2016

USD/JPY TECHNICAL OUTLOOK : 02.09.2016

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 103.33 and made a high of 103.72 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 103.34, after depreciating to a low of 103.99 during yesterday’s session. Rate hike
expectations from the US are driving the movement in Yen. Expect a sharp decline in the Japanese Yen if the jobs report is in line with expectations and we can expect 105.00 for the USDJPY pair but the opposite would lead to the Yen appreciating against the US dollar.

Presented by

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.