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CURRENCY OUTLOOK DAILY

CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* What India's decision to scrap its 2000-rupee note means for its economy

* Dollar slips from two-month high; Fed rate expectations in focus

* Asia FX muted as dollar hits 2-month high ahead of Powell speech

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 60.10 intraday and immediate resistance level. While below 59.70 lead further weakness toward 59.50- 59.30 zone.

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