JPYINR trading range for the day is 57.59-58.25. JPY gained as dollar traded lower after the Federal Reserve failed to adopt a more aggressive outlook concerning the pace of rate hikes this year.
Japan’s exports probably rose at the fastest pace in two years in February thanks to a softer yen and improving global demand. Bank of Japan Governor Haruhiko Kuroda said an uptick in inflation toward 1 percent won’t immediately trigger an interest rate hike.
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