NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Japanese Yen is trading at 114.41, depreciation against US dollar. Key reason for this move was US dollar strength post better than expected ADP Nonfarm employment data. There is no major economic data to be reported form Japanese economy for the day. Markets would now focus on Nonfarm payroll and BLS Unemployment data which are due to be reported tomorrow. US dollar movement will drive USD/JPY pair today. We prefer to buy USD/JPY pair on dips.