Yen bounced back from its 1-1/2 week lows and traded 0.2% up near 110.00 as upbeat equities decreased Yen’s safe-haven appeal. The pair was also boosted by a rebounding Dollar.
Dollar rebounded from 2-week lows, supported by prospects of a quicker economic recovery of the US although, declining US Treasury yields capped Dollar’s and Yen’s gains.
Going ahead, market participants will remain cautious ahead of the release of the FOMC meeting minutes. Any signal of discussions related to tightening of the monetary policies will be eyed and may boost the pair further.
13 Apr 2021 07:40 AM
Find out why is the Dollar trading near its 3-week low?
12 Apr 2021 06:35 PM
U.S. stock futures slipped today, signaling a muted opening for major indexes that stand at record highs ahead of a busy week of corporate earnings and economic data.
12 Apr 2021 04:31 PM
Indian equities fell the most in over a month as a rapid surging second wave of the coronavirus across the country acted as the key deterrent to market sentiment.
12 Apr 2021 04:21 PM
The Indian rupee dropped for the sixth consecutive session against the dollar, as a surge in coronavirus cases intensified fears of a delay in economic recovery.
12 Apr 2021 02:54 PM
Pound bounced back from 2 month lows and traded around 1.3750 amid timid US Treasury yields capping Dollar’s gains.
12 Apr 2021 02:46 PM
Check out how European markets are reacting today