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 a major fiat currency and one of the world’s most traded currencies, while the Indian Rupee (INR) is the official currency of India and an important emerging market currency. The exchange rate between them reflects market sentiment toward both economies and currency valuation dynamics in the Asian forex market.

Today’s Price

• 1 JPY = 0.581 INR
• 24h High: 0.58491 INR
• 24h Low: 0.58055 INR

Market Analysis

The JPY/INR pair is currently navigating key technical zones with notable price action patterns emerging on the weekly chart.

• Technical levels: Key support zone at 54.50–55.00 INR, resistance zone at 59.50–59.70 INR
• Chart patterns: The pair is forming a triple bottom formation near the demand zone of 54.50–55.00, with negative RSI divergence observed on the daily chart
• Trading opportunities: Watch for potential rebounds from the 57.50–58.00 INR level, with short-selling opportunities near the 59.00–59.50 INR resistance zone. The pair may present long opportunities if it stabilizes above support levels, while bearish divergence suggests caution on upside moves

Conclusion

Continue to monitor the JPY/INR pair closely, paying particular attention to price action around key support and resistance zones identified on the weekly chart. Technical traders should watch for confirmation signals from RSI and price structure before executing trades.