Today's JPY to INR Price Update

Summary

This report provides the real-time exchange rate between the Japanese Yen (JPY) and Indian Rupee (INR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Japanese Yen (JPY) is one of the world’s major fiat currencies and a key reserve currency in Asia, while the Indian Rupee (INR) represents the economic dynamics of South Asia’s largest economy. The exchange rate between them reflects market sentiment toward both economies and currency valuation in the regional forex market.

Today’s Price

• 1 JPY = 0.60 INR
• 24h High: 0.60225 INR
• 24h Low: 0.5993 INR

Market Analysis

Recently, the JPY/INR pair has demonstrated bearish technical signals with a sell-on-rise pattern, indicating downward pressure against the INR.

• Technical levels: Key resistance zone at 59.00–59.50 INR and 59.50–59.70 INR on the weekly chart; critical support zone at 54.50–55.00 INR
• Risk note: RSI exhibits negative divergence on the daily chart, suggesting weakening momentum despite price recovery attempts. Further downside movement is possible as each retracement offers selling opportunities
• Trading opportunities: Short positions are favored with a positive risk-reward ratio, targeting the 54.50–55.00 INR support zone. Alternatively, watch for potential long opportunities if the pair recovers from the critical support level

Conclusion

Continue to monitor the JPY/INR pair closely, integrating technical levels with RSI divergence signals. For short-term traders, focus on shorting near resistance zones with targets toward the lower support level. For position traders, await confirmation of support zone stability before considering reversal opportunities.