Convert JPY to INR - Japanese yen to India Rupees Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE JPY/INR EXCHANGE RATE
The JPY/INR symbol represents the Asian currency pair which trades the Japanese yen against the Indian rupee. This is a very interesting forex pair as it is heavily influenced by the market sentiment, owing to the INR's status as an emerging market currency and the JPY's status as a popular safe haven currency. The INR is a volatile currency that strengthens when markets trade with a risk-on sentiment, boosting investors' risk appetite and encouraging them to trade currencies with high fluctuations. In such times, the currency pair trades bearish, causing the exchange rate of JPY/INR to weaken.On the other hand, during a risk-off mood in the markets, this pair turns extremely bullish as investors sell off the riskier INR and make their way towards the perceived safety of the JPY instead, strengthening the JPY/INR’s currency rate. In terms of heightened economic or geopolitical uncertainty, the Japanese yen shines as one of the safest currencies to park investments in, owing to the ultra-loose monetary policy and negative interest rates, as well as because of Japan's status as the world's third largest economy.The JPY is among the more stable currencies in the forex market while the INR is considered more volatile. The Indian rupee's value was pegged to the GBP between 1927 and 1946, and then to the US dollar until 1975. In 1975, the currency was devalued but its value remained fixed against a basket of four leading currencies.
JPY to INR CONVERSION RATES
JPY
INR
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JPY to INR CHARTS
JPY/INR Live Chart
JPY/INR Historical Chart
JPY to INR EXCHANGE RATE - FAQ
What is a good time to trade JPY/INR?

Since both Japan and India are located in Asia, the Asian session is the best time to trade the JPY/INR currency pair. Most market moving events that can influence price action in this forex pair take place between 11:00 PM and 08:00 AM GMT.

What economic events influence the exchange rate of the JPY/INR?

The JPY/INR forex pair experiences considerable volatility on the release of key economic data from Japan and India, including GDP, inflation, unemployment rate, trade balance, industrial production, consumer consumption, retail sales, PMI readings from the manufacturing and services sectors, and PPI.

How do central bank decisions affect the JPY/INR's currency rate?

Both the Japanese yen as well as the Indian rupee experience significant fluctuation on the announcement of changes to the monetary policy and interest rates by the Bank of Japan (BOJ) and the Reserve Bank of India (RBI) respectively. For instance, if the RBI announces a rate hike or tightens its monetary policy, the INR strengthens, turning this pair bearish, and vice versa.