The market consolidates and rebounds as the yen's appreciation pauses.

Weekly Overview, August 3–7: Indian Rupee/Japanese Yen High: 1.6659 yen, Low: 1.627 yen, Close: 1.6566 yen, WoW Change: 0% -> Consolidation; the pair recovered as yen appreciation paused, but remained in a consolidation phase. Amid a strong-yen environment following coordinated intervention by Japan and the United States, the Indian rupee's exchange rate against the yen initially dropped to the 1.62-yen mark early in the week. Thereafter, yen buying subsided, prompting a recovery. Although rising crude oil prices weighed on India, which relies heavily on imported crude, the pair saw only slight price movements over the week.

Fisco JapanAug 9 11:43

Indonesian Retail Sales Expected to Strengthen in March

Holiday foot traffic is expected to have boosted retail sales in Indonesia in March, reported Bank Indonesia on Monday.

MT NewswiresApr 13 17:11

The market remains weak amid lingering concerns over accelerating inflation.

Overview for last week, April 6 to April 10: Indian Rupee/Japanese Yen high: 1.7235 yen, low: 1.7063 yen, closing: 1.7108 yen, change from previous week: -0.58% → Weakening tone amid lingering concerns over accelerating inflation. Although the U.S. and Iran agreed to a two-week ceasefire, negotiations toward ending the conflict are expected to face challenges, causing crude oil futures to stabilize without significant expansion in risk-on Rupee buying. Concerns over prolonged Middle Eastern conflicts led to a narrowing decline in crude oil futures, which capped the rise in Rupee/Yen exchange rates.

Fisco JapanApr 12 06:39