LONDON Jan 30 The euro extended gains against the Japanese yen to rise to it highest since early May 2010, boosted by rising investor inflows into euro zone assets and expectations of more aggressive monetary easing by the Bank of Japan.
The euro rose 0.9 percent to 123.53 yen, its highest in 33 months and up nearly 8 percent since the start of the year.
Its gains against the yen also helped it to a fresh 14-month high against the dollar of $1.3528, rising past a reported option barrier at $1.3525.
Trending On Reuters
It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article