WAYS2CAPITAL UPDATE – JPYINR

JPYINR trading range for the day is 61.69-62.48.
JPY dropped as dollar remained supported after better-than-expected labour and inflation data.
Japan will forge ahead with a planned sales tax hike to 10 percent in October, likely knocking the economy into contraction in the fourth quarter.
The M2 money stock in Japan was up 2.4 percent on year in March, the Bank of Japan said – coming in at 1,012.7 trillion yen.
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