The Japanese Yen traded on a flat note and depreciated marginally yesterday on the back of upbeat market sentiments which led to fall in demand for the low yielding currency. The Yen touched an intra-day low of 101.59 and closed at 101.49 on Monday.
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, estimates of favorable economic data from the country will cushion sharp downside or reversal in the currency.
www.punjiniveshonline.com
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, estimates of favorable economic data from the country will cushion sharp downside or reversal in the currency.
www.punjiniveshonline.com
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