USD/JPY TECHNICAL OUTLOOK : 19.09.2016

USD/JPY TECHNICAL OUTLOOK : 19.09.2016

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USD/JPY. Pair after opening at 102.37 and made a high of 102.75 and was seen selling pressure from the higher levels the trend line marked in the report few days back, the pair is having a key support at 100-99.50 and strong supply is coming in around 104 levels the pair is likely to be range bound

Fundamental Overview

Yen is trading at 102.05, remaining near to the 102.00 levels as markets nervously await the FED and Bank of Japan. Japanese markets are closed today and we can expect limited movement from domestic factors. Expectations for further easing from the BOJ remains high but a failure to deliver could send the pair towards or beyond 100.00. 
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