Last Updated : February 09, 2012 10:12
The Japanese Yen depreciated by 0.3 percent in yesterday’s trading session and closed at 77.01 after touching an intra-day low of 77.18 on Wednesday.
Japan’s Economy Watchers Sentiment declined by 2.9 points to 44.1- level in January as against previous mark of 47 in December. Japan’s Core Machinery Orders declined by 7.1 percent in December as against a rise of 14.8 percent a month ago. M2 Money Stock increased at a slow pace by 3 percent in January from previous rise of 3.2 percent in prior month.
We expect the Yen to trade with an appreciation bias mainly on account of rise in risk aversion in the global markets which will boost demand for the low-yielding currency.
MCX Copper 29 February 2012 contract was trading at Rs 393.4 , up Rs. 1.8 . What’s your view on it?
