Japanese Yen firms despite softer Tokyo inflation; USD/JPY dips toward 155.65
The Japanese Yen (JPY) strengthened slightly on Friday, pushing the USD/JPY pair lower for a second consecutive session during the Asian trading hours. The pair slipped to the 155.65 region after the release of Tokyo inflation data, although it still remains on track to post a weekly gain. Market participants remain cautious about expecting a […]
USD/INR holds gains as weak foreign investment weighs on the Rupee
The Indian Rupee (INR) remains under pressure against the US Dollar (USD) during Friday’s afternoon trading session in India. The USD/INR pair stays elevated near the 91.20 level as the domestic equity market continues to struggle in attracting strong foreign capital inflows. Data released by the National Stock Exchange (NSE) shows that overseas participation in […]
WTI slips below $66.00 on rising US inventories and supply-demand worries
West Texas Intermediate (WTI) crude weakened for a second straight session, trading near $65.90 per barrel during Wednesday’s European session. Prices came under pressure after a sharp increase in US crude stockpiles heightened concerns about oversupply, while traders wait for the Energy Information Administration (EIA) data release later in the day. According to the American […]
USD/INR steadies ahead of US-Iran talks and India’s Q4 GDP data
The Indian Rupee (INR) was largely unchanged against the US Dollar (USD) on Wednesday, with the USD/INR pair hovering near the 91.00 mark. Traders remained cautious ahead of the upcoming nuclear negotiations between the United States and Iran scheduled for Thursday, as well as India’s fourth-quarter GDP figures due on Friday. Market participants are closely […]