JPYINR Intraday Outlook : 7.4.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Reports of real money demand under Y110.20 has given the dollar a much needed cushion, low so far Y110.15, but the lack of any real bounce is a concern to bulls. Souring risk-sentiment with news of a US missile attack on Syria has local traders in sell-rally mode, reports of 59 Tomahawk cruise missiles had hit al Shayrat airfield in Syria, targeting Syrian jet-fighters and other infrastructure. Heightened geo-political concerns with this news has seen risk slapped hard, with yen the main beneficiary of save haven flows. The EUR against JPY has dropped significantly, from around Y118.00 to a low so far of Y117.32, but has managed to stage a small recovery and now trades at Y117.55.