JPYINR - Ways2Capital

JPYINR trading range for the day is 61.1-62.01.

JPY dropped on profit booking as the market reaction was considered moderate since few traders had expected a meaningful agreement on trade to be reached at G7.

Japan’s core machinery orders in April jumped the most since the start of 2016, reversing the prior month’s decline.

With inflation struggling to accelerate toward its 2 percent price target, the Bank of Japan is widely expected to stand pat at its policy setting meeting.

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