Forex Market News

USDJPY Spot Traded Flat

USDJPY spot traded flat while JPYINR spot fell by 0.79 percent due to strength in the American currency after the robust release of Final GDP data from the US which came better than the expected levels.
Sharp losses were capped as markets remained cautious on uncertain events like the recent Brexit negotiation, Trump’s future fiscal policies and the European elections which boosted the demand for the Japanese Yen. Today, JPYINR spot is likely to trade higher.
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