In the last week, JPYINR spot rose by 0.34 percent owing to the disappointing release of manufacturing growth that slipped to 52 in June’17 from previous month’s 53.1. Furthermore, strength in the American currency was another factor for the price trend of Japanese yen.
However, sharp losses were capped as the recent oil plunge hurt the global risk appetite which boosted the demand for safe haven Yen. Today, JPYINR futures is expected to trade lower towards 57.80 mark.
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