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CURRENCY OUTLOOK DAILY

CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Yen eyes further lift as traders probe BoJ defense ahead of meeting

* U.S. dollar falters vs major currencies as sterling gains; yen in spotlight

* Russia's central bank sold $47 million worth of Chinese yuan on Jan. 13

CHART OF THE DAY:

OUTLOOK:

GBPINR closed above its 20dma in last trading session which is positive for currency. Where 99.20-99.40 will be the first support area while 99.00-98.80 are the next critical support levels. On the upside 100.0-100.20 levels have minor hurdle above this we can expect 100.40-100.60 levels.

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