JPYINR trading range for the day is 62.96-63.44.
JPY dropped as the dollar steadied on higher U.S. yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies.
Bank of Japan board member Yutaka Harada said the central bank must ramp up monetary stimulus “without delay”
Japanese exports contracted for the fifth month in April due to a slump in shipments of chip-making equipment to China.
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