JPYINR Intraday Outlook : 31.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Japanese Yen is trading at 112.10, depreciating against US dollar. We have seen USD/JPY pair rebounding from the lows of 110.91 in yesterday’s session before rallying to 112.08. Key reason for this move was US dollar strength after mildly hawkish comments from Fed official and better than expected US Q4 GDP data added boost to US dollar. Japan's core consumer prices rose 0.2 percent in February year-on-year, marking the fastest growth in nearly two years. But household spending fell 3.8 percent in February from a year earlier, missing estimates for a 1.7 percent fall. Meanwhile, Japan's February jobless rate declined to 2.8 percent, its lowest rate since June 1994, and marked an improvement in the labor market.