JPYINR trading range for the day is 56.51-57.74

JPYINR trading range for the day is 56.51-57.74. JPY dropped as the dollar gained as solid data from Japan and China did not derail sentiment for the greenback as US tax cuts seem closer. Investor focus shifted from Bank of Japan governor Haruhiko Kuroda's somewhat hawkish comments toward signs of progress on US tax reform. Total labor cash earnings in Japan increased at a slower-than-expected pace in October, preliminary report from the Ministry of Health, Labor and Welfare showed.

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