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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-01-2016

Monday, January 18, 2016 0:47

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-01-2016

Mtechtips Recommendation Buy around 57.00-57.10 Target 57.80-58.20 Stop loss above 56.75 (LTP : 57.67) Important factor/data from Japan. All Industries Activity Japanese Yen witnessed second weekly gain since 27 November 2015 and tested 57.74 before closing at 57.65. 45 On the other hand, USD/JPY dipped 0.30% as the US dollar eased from 118.37 and settled at 117.14 after the Bank of Japan Governor, Haruhiko Kuroda said the central bank is not considering any plans to ease the monetary policy in the world’s third largest economy. Near term trend is expect to remain positive and a break above 57.75 will expect to show positive move towards 58.00-58.40 and above.

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