JPYINR - Ways2Capital

JPYINR trading range for the day is 62.46-63.08.

JPY traded in range as the dollar gained as trade-related worries eased after the U.S. administration softened its approach to Chinese investment.

Bank of Japan policymakers said the bank should persistently continue with powerful monetary easing as there is still a long way to go to achieve the inflation target.

Further, policymakers said as the reason for the sluggishness in prices is unlikely to be merely a shortage of demand.

SELL JPYINR JUL BELOW 62.65 SL ABV 63.00 TGT 62.25-61.90. (STBT)

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