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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 ended on a flat note in yesterday’s trading session. The currency touched an intra-day low of 76.34 and closed at 76.19 on Wednesday.

Japan’s Monetary Base increased by 15 percent in January from the previous rise of 13.5 percent in the month of December.

Outlook

The Japanese Yen is expected to trade with a depreciation bias today, taking cues from rise in risk appetite which will reduce demand for the low-yielding currency.

Courtesy:Angel Broking

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