Not all expectations come true to the fullest, but atleast as I said yesterday, "Expect the Yen to weaken a little up to 119.45 in the current scenario ". That it didnt go back to the 118.50 range was because primarily of the small fact that the Yen this week has mostly been taking cue from the stock market than the economy. But I expect this trend to get a jolt by evening today when US non form payroll may be rolled out. But it doesnt mean you should expect much from the Yen today.
It should be doing the rounds more in the region of 118.85 to 119.35, occasionally managing to just pep up to 119.50. I see the upper limit of 119.75 but I suspect the currency to strengthen against the Dollar and show us the sub 119 levels more often and for the good by tonight.
New direction to the markets?
11 years ago
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