JPYINR trading range for the day is 58.42-58.9. JPY dropped as dollar supported amid expectations that the Federal Reserve will increase its benchmark rate on Wednesday.
The Bank of Japan will continue to pursue necessary monetary policy steps to stabilise prices, while keeping an eye on how they affect its financial health. Japanese large industries’ business sentiment deteriorated in the second quarter, the quarterly survey by the Ministry of Finance and the Cabinet Office showed.
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