JPYINR trading range for the day is 59.38-60.15. JPY dropped on profit booking as dollar managed to stabilize after the previous session’s slide. The Bank of Japan should persistently pursue its monetary easing under the quantitative and qualitative monetary easing with yield curve control, Nakaso said. Core machine orders in Japan were up 6.7 percent on month in December, the Cabinet Office said – coming in at 889.8 billion yen.
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