Forex Market News

JPYINR Traded Lower – Ways2Capital

JPYINR traded lower witnessing sharp decline over positive US data which reduced demand for safe haven currency.

The dollar was 0.1 percent higher at 114.160 yen following a rise to a two-month high of 114.300 overnight.We expect prices to trade sideways to down with support at 56.50/56.20, resistance 56.8/57.10.

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