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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

*  EUR/GBP aims to recapture 0.8900 as higher German Inflation solidifies hawkish ECB bets

* GBP/JPY snaps two-day losing streak below 164.00 amid firmer yields, BoE vs. BoJ divergence

* NZD/USD bears step in at the highs and pressure below 0.6250

CHART OF THE DAY

OUTLOOK

EURINR: The EURINR managed to close above its horizontal resistance after the gap-up opening, but the overall structure is weak. However, however 87.80 is an immediate support level, and on the upside, 88.40 acts as a resistance. If it moves above 88.40, it can lead some upside momentum towards 88.80, while if it slips below 87.80, it may head towards the 87.20-87.40 zone..

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