USDJPY spot appreciated by 1.23 percent while JPYINR spot rose by 1.14 percent in the last week owing to surge in risky events in the global arena. A terror attack in London kept investors in a cautious mood.
There was a crucial voting over Obamacare policy which later got postponed, infusing jitters in the markets as investors feel that gaining passage of more complicated and divisive initiatives like Trump’s tax cuts will be even harder. All the above factors have boosted the demand for safe haven Yen and is likely to rise once again in today’s trading session.
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