The Japanese Yen appreciated around 0.5 percent
yesterday on the back of weak market sentiments in later part of the
trade which led to rise in demand for the low yielding currency.
Further, less volatility was observed as the banks were closed yesterday on the eve of Greenery Day. The Yen touched an intra-day high of 101.48 and closed at 101.67 on Tuesday.
We expect Japanese Yen to trade higher today on account of rise in risk aversion in market sentiments which will lead to rise in demand for the low yielding currency.
www.punjiniveshonline.com
Further, less volatility was observed as the banks were closed yesterday on the eve of Greenery Day. The Yen touched an intra-day high of 101.48 and closed at 101.67 on Tuesday.
We expect Japanese Yen to trade higher today on account of rise in risk aversion in market sentiments which will lead to rise in demand for the low yielding currency.
www.punjiniveshonline.com
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