Intraday Currency Future: Sell JPYINR NOV

• November 8, 2021
• By BIPRO HALDAR
• 331 Views 245 comments

The yen (Japanese: 円, symbol: ¥; code: JPY; also abbreviated as JP¥) is the official currency of Japan. It is the third most traded currency in the foreign exchange market, after the United States dollar and the Euro.^[4] It is also widely used as a third reserve currency after the United States dollar and the Euro.The concept of the yen was a component of the late-19th century Meiji government’s modernization program of Japan’s economy, which postulated the pursuit of a uniform currency throughout the country, modeled after the European decimal currency system. Before the Meiji Restoration, Japan’s feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations. The New Currency Act of 1871 did away with these and established the yen, which was defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, as the new decimal currency. The former han (fiefs) became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation, the Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply.

Script Name –JPYINR

Expire Date-NOV

Sell Price – 65.45-65.47

Profit Target- 65.10

Stop Loss- 65.65

Call Duration- Intraday

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