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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar higher as U.S. debt ceiling concerns keep traders nervous

* Dollar edges higher; Fed rate hike in June still possible

* Dollar gains against yen as Fed policy, debt ceiling in focus

CHART OF THE DAY:

OUTLOOK:

JPYINR: JPYINR is continuing its bearish momentum and there are no signal of recovery where 59.70 is an immediate target level. On the upside 60.20 intraday and immediate resistance level. While below 59.70 lead further weakness toward 59.50- 59.30 zone while above 60.20 it may head toward 60.40-60.60 levels.

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