Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
INV: Japanese Yen Trading Lower This Morning
 
For the 24 hours to 23:00 GMT, the USD strengthened 0.28% against the JPY and closed at 123.92.
In the Asian session, at GMT0300, the pair is trading at 124.09, with the USD trading 0.14% higher from yesterday’s close.
Overnight data revealed that industrial production in Japan rebounded 0.8% MoM in June, exceeding market expectations of a gain of 0.3%. Industrial production in the nation dipped 2.1% in the previous month.
Meanwhile, the vehicle production in Japan slid 5.30% YoY in June, in Japan, after registering a fall of 16.60% in the previous month.
The pair is expected to find support at 123.54, and a fall through could take it to the next support level of 123. The pair is expected to find its first resistance at 124.42, and a rise through could take it to the next resistance level of 124.75.
Going forward, investors would keep a close eye on Japan’s nation CPI as well as unemployment data, scheduled overnight to get better insights in the Japanese economy.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
Source