USDJPY spot appreciated by 0.06 percent while JPYINR spot fell by 0.19 percent owing to strength in the US Dollar Index. Recent happenings in the global arena have left the markets in a dilapidated state.
The Trump administration backed out from the Paris Climate Agreement while an attack in central London over the weekend left the markets in a jittery state. Furthermore, Saudi Arabia, Bahrain and Egypt cut diplomatic ties with Qatar contributing to crisis that started over Qatar’s relationship with Iran and its support of the Muslim Brotherhood. Today, JPYINR is expected to trade lower.
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