Forex Market News

JPYINR Trading Range For The Day Is 58.23-58.78.

JPY gained as dollar dropped with remarks from the Fed chief that suggested rate hikes were likely sooner rather than later failing to lift the greenback and political risk. *BOJ’s Kuroda: BOJ doesn’t just want prices to rise, wants virtuous cycle of better wages and better profits. *BOJ’s Kuroda: Improvement of output gap, oil prices to help inflation. Japan is basically at full employment.
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