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Published on 08-12-2025 11:00 am

JPYINR

SELL JPYINR DEC @ 58.2 SL 58.4 TGT 58-57.8.

Observations

JPYINR trading range for the day is 57.76-58.56.

JPY dropped on profit booking after support seen on speculation BOJ will raise interest rates later this month.

Japan’s foreign reserves rose by $11.98 billion to $1.36 trillion in November 2025, the highest level since March 2022.

Household spending in Japan fell 3.0% yoy in October 2025, missing market expectations for a 1.0% rise.

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Published on 08-12-2025 10:59 am

GBPINR

SELL GBPINR DEC @ 120.3 SL 120.6 TGT 120-119.7.

Observations

GBPINR trading range for the day is 119.38-120.82.

GBP settled flat as investors welcomed an upward revision to November’s UK services PMI while the US dollar softened.

The services PMI was revised up to 51.3 from 50.5, comfortably above the 50 threshold separating expansion from contraction.

Bank of England is widely expected to deliver a 25-basis-point rate cut in December, before pausing amid concerns over potential inflation re-acceleration.

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Published on 08-12-2025 10:59 am

EURINR

SELL EURINR DEC @ 105.2 SL 105.5 TGT 104.9-104.7.

Observations

EURINR trading range for the day is 104.6-105.48.

Euro steadied as traders digest the last round of US jobs data.

Germany’s factory orders rose 1.5% month-on-month in October 2025, but slowing from an upwardly revised 2.0% gain.

ECB President Lagarde expects Eurozone inflation to remain near 2% in coming months

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Published on 08-12-2025 10:59 am

USDINR

SELL USDINR DEC @ 90.15 SL 90.35 TGT 89.95-89.75.

Observations

USDINR trading range for the day is 89.67-90.45.

Rupee weakened after the Reserve Bank cut interest rates at its December meeting.

The central bank lowered the repo rate by 25 basis points to 5.25%, its first move in six months.

The rupee has fallen nearly 5% this year, the weakest in Asia, pressured by soft trade flows, capital outflows and steep U.S. tariffs that have strained exports.

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Published on 08-12-2025 09:55 am

Currency:

The U.S. dollar steadied after two weeks of selling, ahead of a week crammed with central bank meetings and headlined by the U.S. Federal Reserve, where an interest rate cut is all but priced in but a divided committee makes for a wild card.

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