Monday, April 24, 2017

JPYINR Intraday Outlook : 25.04.2017

JPYINR Intraday Outlook : 25.04.2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE

 USD/JPY is trading at 110.01, after making a high of 110.55. The key reason for Yen appreciation against US dollar was because of Dollar weakness due to stronger euro. The euro has appreciated after the outcome of French Presidential elections, where centrist Emmanuel Macron took the first round of voting in the first round. This optimism of the investors has given euro a good boot and has driven the shared currency higher. Today’s there is no major economic data to be reported from Japanese economy.

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