USD/JPY TECHNICAL OUTLOOK : 22.09.2016

USD/JPY TECHNICAL OUTLOOK : 22.09.2016

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USD/JPY. Pair after opening at 101.84 and made was trading volatile between range of 102.80-100 levels over and found resistance near the 103 mark but the pair is having a strong support at 99.50 mark so the pair is likely to be volatile I the range of 99.50-101 for today session

Fundamental Overview

Yen is trading at 100.40, trading on a positive note against the US dollar after the Bank of Japan left interest rates unchanged and announced a few changes in the policy framework. This led to markets disappointment and JPY has appreciated towards 100, which should act a floor and the Yen could turn around at these levels. 
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