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DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* GBP/JPY aims to test a two-week high around 169.00 as Japan considers Cabinet reshuffle

* USD/CNY fix: 7.1667 vs. the last close of 7.1670

* China to issue another 200bn yuan in loans to prop up property delivery

CHART OF THE DAY

OUTLOOK:

USDINR: USDINR close below its trend line and horizontal resistance level of 81.80 , however overall structure is positive and 81.62 is a immediate support level while 81.80 is resistance zone. if it takes out the 81.80 level, then we can expect a move towards the 82.00-82.10 level, While if it slips below 81.60 level, then 81.20-81.40 is the next support levels.

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