Dollar hits 2-1/2-year high against yen as Fed tapering seen on track - Swastika Investmart
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News in headline:
Dollar Up, with Fed Plans for Tapering Unaltered by Disappointing U.S. Jobs Report
Dollar hits 2-1/2-year high against yen as Fed tapering seen on track
U.S. dollar net long bets jump to largest since mid-June 2019 -CFTC, Reuters data
Chart of the day
The day trend in JPYINR is indicating sideways move as facing resistance so selling can be done at higher levels.
Technical View
The mixed move can be seen in currency.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)