JPYINR trading range for the day is 58.33-59.21. JPY dropped as the dollar gained after solid data backed expectations for more U.S. interest rate hikes this year. Bank of Japan board members viewed that the bank should not rush to action and it should pursue monetary easing under the current framework with patience.
Retail sales in Japan were up a seasonally adjusted 0.2 percent on month in February, the Ministry of Economy, Trade and Industry said.
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