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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar rises as investors look to next week's inflation report; yen gains

* Japan's yen and bond bears delighted by government's BOJ surprise picks

* Euro bulls get a reality check as investors assess rate outlook

CHART OF THE DAY:

OUTLOOK:

USDINR: USDINR has given positive close above 82.50 on yesterday’s trading session. Where 82.40–82.30 will be the first support area while 82.20 is the next critical support level. On the upside, we have a minor hurdle at the 82.70 level; above this, we can expect 82.85-83.00 levels.

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