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Kedia Commodities
Published on 24-10-2025 11:28 am
SELL JPYINR OCT @ 57.8 SL 58 TGT 57.6-57.4.
Observations
JPYINR trading range for the day is 57.34-58.14.
JPY weakened amid growing speculation that new Prime Minister Takaichi will unveil a large-scale stimulus package as early as next month.
Reports indicated the plan could exceed last year’s 13.9 trillion yen initiative aimed at easing inflation pressures on households.
The Bank of Japan is widely anticipated to keep rates unchanged next week, with markets now projecting the next hike in January.
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Kedia Commodities
Published on 24-10-2025 11:27 am
SELL EURINR OCT @ 101.7 SL 107.5 TGT 102-102.2.
Observations
EURINR trading range for the day is 101.6-102.3.
Euro dropped as investors turned their attention to a series of European Central Bank speeches this week for clues on the policy outlook.
The US dollar found modest support from renewed optimism over US–China trade relations.
S&P cut France’s sovereign rating to A+ from AA-, citing heightened risks to fiscal consolidation and persistent uncertainty surrounding government finances.
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Kedia Commodities
Published on 24-10-2025 11:16 am
SELL USDINR OCT @ 87.95 SL 88.1 TGT 87.8-87.7.
Observations
USDINR trading range for the day is 87.77-88.03.
Rupee ended higher, as inflows into local shares and dollar-selling by state-run banks offset importer demand.
India's core growth loses steam, slows to 3% in Sept
India's retail inflation is projected to fall further by October 2025, driven by a high base effect and delayed food price seasonality.
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Nirmal Bang Securities Pvt Ltd
Published on 24-10-2025 09:32 am
Currency:
The U.S. dollar was steady on Friday, poised to eke out a small weekly gain against major rivals as investors braced for delayed inflation data that is unlikely to deter the Federal Reserve from lowering interest rates next week.
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Kedia Commodities
Published on 23-10-2025 11:54 am
SELL JPYINR OCT @ 58.5 SL 58.8 TGT 58.2-58.
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