The Japanese Yen gained by around 0.2 percent yesterday on the back of weak market sentiments in the early part of the trade that led to rise in demand for the low yielding currency. The Yen touched an intra-day high of 102.07 and closed at 102.30 on Thursday.
Tokyo Core Consumer Price Index (CPI) rose by 2.7 percent in April as against a rise of 1 percent in April. National Core CPI remained unchanged at 1.3 percent in the current month.
We expect Japanese Yen to trade lower today on account of rise in risk appetite in market sentiments which will lead to fall in demand for the low yielding currency. However, favorable economic data from the country will cushion sharp downside or reversal in the currency.
www.punjiniveshonline.com
www.punjiniveshonline.com
Tokyo Core Consumer Price Index (CPI) rose by 2.7 percent in April as against a rise of 1 percent in April. National Core CPI remained unchanged at 1.3 percent in the current month.
We expect Japanese Yen to trade lower today on account of rise in risk appetite in market sentiments which will lead to fall in demand for the low yielding currency. However, favorable economic data from the country will cushion sharp downside or reversal in the currency.
www.punjiniveshonline.com
www.punjiniveshonline.com
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