Sell JPYINR JAN @ 57.9 SL 58.1 TGT 57.7-57.5 - Kedia Advisory
USDINR
SELL USDINR JAN @ 90.3 SL 90.5 TGT 90.1-89.9.
Observations
USDINR trading range for the day is 90.1-90.48.
Rupee remained weak as the lack of a US-India trade deal continued to weigh on sentiment.
President Trump warned that tariffs on Indian goods could rise further if New Delhi does not meet Washington’s demand to curb purchases of Russian oil.
RBI may intervene if that occurs, as seen during bouts of weakness, the currency is expected to remain under pressure.
EURINR
SELL EURINR JAN @ 105.8 SL 106.1 TGT 105.5-105.2.
Observations
EURINR trading range for the day is 105.49-106.33.
Euro rebounded supported by a softer US dollar following weak US manufacturing data.
The HCOB Spain Services PMI climbed to 57.1 in December 2025, up from 55.6 in November
France’s annual inflation rate fell to 0.8% in December 2025, its lowest level in seven months
GBPINR
SELL GBPINR JAN @ 122.1 SL 122.4 TGT 121.8-121.5.
Observations
GBPINR trading range for the day is 121.39-122.99.
GBP gains as risk sentiment improves, easing jitters after US action against Venezuela’s Maduro.
UK shop price inflation rose to 0.7% yoy in December 2025 from 0.6% in November, marking its first acceleration in three months.
New car sales in the UK increased by 3.9% year on year to 146,249 units in December 2025, rebounding from the 16% decline in November
JPYINR
SELL JPYINR JAN @ 57.9 SL 58.1 TGT 57.7-57.5.
Observations
JPYINR trading range for the day is 57.2-59.2.
JPY strengthened amid growing expectations that the Bank of Japan will continue raising interest rates this year.
BOJ Governor Kazuo Ueda reiterated that the central bank will adjust rates as the economy and prices evolve in line with its forecasts.
Ueda also projected that the economy would sustain a virtuous cycle, with moderate, simultaneous increases in wages and prices.
