As better monsoon news hit market and US Federal Reserve delayed rate hike further into the future, Indian Rupee (INR) is having a great time past three days.
- Indian Rupee appreciated against dollar 0.28% today so far. INR strengthened for third consecutive days as Dollar fell from 64.3 to 63.54 against Rupee.
- Yen on other hand remains vulnerable against dollar and most likely to remain bound above 122 against dollar. As of now Yen is trading at 123.1 against dollar.
Bank of Japan maintained its stance of easing today of buying ¥ 80 trillion per annum. Reserve Bank of India (RBI) on the other hand pursuing more restrained easing as of now.
While INR might strengthen against Euro, Pound, Dollar, Yen remains better pair to trade since event risk remains low associated to this pair.
Yen is currently trading at 0.516 against INR, short position can be entered with stop of 0.521. Initial target is around 0.508.


Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher
Gold Surges Past $4150 on Dovish Fed Signals and Weak Jobs Data; Bullish Outlook Prevails
State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations
Elon Musk is remaking the world, like Henry Ford before him – but more dangerously
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 



