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Daily Currency Market Updates

News in headline:

* Dollar Stabilizes After CPI-Inspired Gains; Yen Gains on Intervention Talk

* Chinese Yuan Leads Asia FX Losses on Sanctions Report, U.S. CPI Woes

* Dollar Edges Lower; Key U.S. CPI Release to Set Tone

Chart of the day:

JPYINR:

JPYINR is consolidating in the range of 56.08-55.42 where move above 55.81can lead some upside towards 56.00-56.10 while if it slips below 55.50 it may head towards 55.40-55.20 zone

Technical View:

* The mixed move can be seen in the currency.

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