Powered by: Motilal Oswal
02-01-2021 09:17 AM | Source: Swastika Investmart Ltd
USD/JPY Forecast: Supported by dollar’s demand and rising yields - Swastika Investmart Ltd
News By Tags | #2767 #2911

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

News in headline:

* Dollar supported by haven demand after retail frenzy bruises risk sentiment

* GBP/USD wavers around 1.3700 amid mixed covid vaccine news, hints of UK’s recovery plan

* USD/JPY Forecast: Supported by dollar’s demand and rising yields

Chart of the day:

 

The day trend in JPYINR is showing weakness as making lower lows and lower high formation followed by trend line on daily chart which indicates sell signal so one can go short in it if it breaks the support.

Technical View:

* The mixed move can be seen in currency.

 

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at https://www.swastika.co.in/disclaimer

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer