GBP/JPY drops from 167.00 as risk appetite trims, UK Inflation buzz - Swastika Investmart
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/0263e58dcaf3c0d5975c268f8d4d172c.jpg)
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Daily Currency Market Updates
News in headline:
* GBP/JPY drops from 167.00 as risk appetite trims, UK Inflation buzz
* Gold Price Forecast: XAU/USD extends bounce off $1,640 support amid softer DXY
* PBOC sets USD/CNY reference rate at 7.1095 on Monday
Chart of the day:
USDINR:
USDINR is consolidating in the range of 81.5-82.3 where move above 82.4 can lead some upside towards 83-83.85 while if it slips below 81.5 it may head towards 80-80.5 zone.
Technical View:
* The mixed move can be seen in the 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)