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Yen expected to slump on risk appetite in global cues

In today’s session, we expect Yen to depreciate on account of upbeat global market sentiments which will lead to fall in demand for the low yielding currency

October 17, 2012 13:51

The Japanese Yen depreciated by 0.3 percent on the back of rise in risk appetite in the global markets which lead to fall in demand for the low yielding currency. It touched an intra-day low of 78.96 and closed at 78.86 on Tuesday.

Outlook

In today’s session, we expect Yen to depreciate on account of upbeat global market sentiments which will lead to fall in demand for the low yielding currency.

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