The Japanese Yen depreciated around 0.1 percent yesterday on the back of upbeat market sentiments in the early part of the trade that led to fall in demand for the low yielding currency. The Yen touched an intra-day low of 102.36 and closed at 102.30 on Thursday.
Japan’s Household Spending rose by 7.2 percent in March from decline of 2.5 percent a month ago. Unemployment Rate remained unchanged at 3.6 percent in the month of March.
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, sharp downside in the currency will be restricted due to favourable economic data from the country.
www.punjiniveshonline.com
www.punjiniveshonline.com
Japan’s Household Spending rose by 7.2 percent in March from decline of 2.5 percent a month ago. Unemployment Rate remained unchanged at 3.6 percent in the month of March.
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, sharp downside in the currency will be restricted due to favourable economic data from the country.
www.punjiniveshonline.com
www.punjiniveshonline.com
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