Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-01-2016
Sunday, January 10, 2016 23:05
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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-01-2016
Mtechtips Japanese Yen witnessed biggest weekly gain since 27 November 2015 and after breaching 57.00 levels settled at 56.45 On the other hand, USD/JPY dipped 2.30% as the US dollar eased from 120.47 and settled at 117.45. The pair fell after minutes from the US Federal Reserve’s December meeting cited the strength of the greenback as a risk to the central bank’s objective of raising inflation toward its 2 per cent goal. Near term trend is expect to remain positive and any dip towards 56.30-56.00 is expect to attract huge buying activities.
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