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CURRENCY OUTLOOK DAILY

CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Yen jumps on BOJ policy speculation, dollar edges off 7-month low

* Dollar weakens in wake of CPI release; yen climbs ahead of BOJ

* Asia FX heads for weekly bounce, dollar at 7-mth low on easing inflation

CHART OF THE DAY:

OUTLOOK:

EURINR has given positive close above 88.00 on yesterday’s trading session. Where 87.80-87.70 will be the first support area while 87.65 are the next critical support levels. On the upside 88.30-88.45 level minor hurdle above this we can expect 88.60-88.80 levels.

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