SEARCH
Quotes News NAV
Currency News  Detailed News Markets  >  Equity  >  Detailed News
Overall view of all the recent market developments which will help in your investment decisions
Your Result on : Equity   |  News | Currency News | Detailed News
Back
Currency Buzz: USD/JPY Under Pressure As Risk Sentiment Improves
28-Mar-23   17:01 Hrs IST

USD/JPY came under pressure on Tuesday to slide back beyond 131 levels, near two-month lows as dollar stays weak overseas. Improving risk sentiment on the back of easing fears of banking crisis is seen benefitting the Japanese yen as demand for safe haven dollar fades. Losses in the dollar index from its recent peaks after the Federal Reserve signalled a possible pause in rate hike cycle amid the banking turmoil also put a lid on the counter. US benchmark treasury yields slumped sharply to 3.5% after hitting above 4% early this month, dragging lower the dollar index that is currently quoting at 102.27, down 0.25% on the day. Currently USD/JPY is seen trading at $131.14, down 0.36% on the day.

Powered by Commodity Insights