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* The U.S. dollar swayed on Friday, flirting with seven-month lows after a sharp dive overnight as data showed U.S. inflation was slowing, boosting hopes of the Federal Reserve taking its foot off an aggressive interest rate hike policy.

* Bitcoin rose 6% to $19,005 at 21:04 GMT on Thursday, adding $1,075 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 15.2% from the year's low of $16,496 on Jan. 1. Ether, the coin linked to the ethereum blockchain network, rose 3.06% to $1,432.8 on Thursday, adding $42.6 to its previous closet the Russian rouble started the first full trading day of the new year on the front foot, advancing by more than 3% against the U.S. dollar to rebound from six-month lows hit in volatile trading at the end of 2022.

* The dollar tumbled to a nearly nine-month low against the euro on Thursday after data showed U.S. inflation was easing, prompting bets that the Federal Reserve will be less aggressive with rate hikes going forward.

* Bullish bets on the Thai baht and Chinese Yuan hit five-year highs as China's sharp pivot from its strict COVID-19 curbs boosted investors' appetite for strengthening long positions in regional currencies, a Reuters poll showed on Thursday.

* The U.S. dollar stabilized in early European trade Thursday ahead of a widely awaited U.S. consumer inflation release, while the Japanese yen surged ahead of next week's Bank of Japan meeting.

* The euro briefly hit a seven-month high against the dollar on Wednesday but held within a narrow range as traders avoided making big moves ahead of U.S. inflation data on Thursday, which may offer a clearer picture of where interest rates are headed.

Data inference

* No Major Event.

Chart for the day

JPYINR (DAILY) - 62.46

Observation

* The JPYINR is in a clear uptrend while respecting the Bullish trendline, where prices have recently shown a bounce from.

* The prices after closing above prior day High have shown a continuation of prior uptrend while the prior candle begin a hammer candle stick pattern.

* The up move was accompanied by rising volumes.

* The momentum indicator RSI is still above 50 mark reflecting presence of momentum.

Inference

* Buy at 62.50 Target 63.10 SL 62.00

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