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• India rupee, pound under pressure on dollar strength
• Euro, pound to remain higher on weak dollar index
• India Rupee to appreciate on weak dollar index, Yen under pressure
• Rupee, Euro to weigh down on dollar strength,Yen to jump

The Japanese Yen appreciated by 0.1 percent in yesterday’s trading session and touched an intra-day high of 77.36. However, sharp appreciation was not witnessed due to unfavorable GDP data from the country and closed at the level of 77.54 on Monday.

Outlook

We expect the Yen to trade with an appreciation bias mainly on account of rise in risk aversion in the global markets which will boost demand for the low-yielding currency.

Courtesy: Angel Broking

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