SELL JPYINR JUN @ 60 SL 60.25 TGT 59.75-59.55 - Kedia Advisory
USDINR
SELL USDINR JUN @ 86.2 SL 86.35 TGT 86.05-85.9.
Observations
USDINR trading range for the day is 85.86-86.4.
Rupee fell to an eight-week low of 86.17 amid rising geopolitical tensions and trade uncertainty.
Israel’s airstrikes on Iran triggered a nearly 10% surge in oil prices, worsening India’s trade balance concerns.
U.S. President Trump hinted at extending the July 8 tariff deadline but signaled a tougher trade stance.
EURINR
SELL EURINR JUN @ 99.5 SL 99.75 TGT 99.25-99.
Observations
EURINR trading range for the day is 98.69-99.81.
Euro eased as global markets were unsettled by escalating Middle East tensions.
ECB officials have reinforced expectations that the bank may soon pause its easing cycle, opting for a wait-and-see approach.
Wholesale prices in Germany increased 0.4% year-on-year in May 2025, following a 0.8% rise in April.
GBPINR
SELL GBPINR JUN @ 116.9 SL 117.2 TGT 116.6-116.3.
Observations
GBPINR trading range for the day is 115.99-117.11.
GBP gains supported by broad-based dollar weakness amid renewed tariff threats from President Trump and signs of cooling US inflation.
The GDP contracted by 0.3% in April, significantly more than the anticipated 0.1% decline.
Chancellor Reeves unveiled a multi-year spending review, committing £2 trillion in public expenditures.
JPYINR
SELL JPYINR JUN @ 60 SL 60.25 TGT 59.75-59.55.
Observations
JPYINR trading range for the day is 59.61-60.43.
JPY gains as heightened geopolitical risks fueled demand for safe-haven assets.
Japan’s industrial production fell by 1.1% month-over-month in April 2025.
BOJ Governor Kazuo Ueda told parliament that the central bank is prepared to raise interest rates again.
