JPYINR - Ways2Capital

JPYINR trading range for the day is 61.38-62.06.

JPY dropped after Japan’s GDP growth for the first quarter fell 0.6% compared to the same period last year, marking the end of economic growth for nine quarters.

Japan’s economy contracted more than expected at the start of this year, breaking the longest run of growth seen for decades.

BoJ's Kuroda: No big problems observed due to BoJ's ETF purchase, will continue to watch impact of easing on banks.

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