Abstract:The pair is facing selling pressure for the second consecutive session, trading around the mid-210.00s. While the broader trend favors the Yen initially due to profit-taking, the pair remains within striking distance of its multi-year highs (highest since 2008). The correction appears technical rather than fundamental at this stage.

Snapshot of key technical moves in secondary pairs:
- GBP/JPY: The pair is facing selling pressure for the second consecutive session, trading around the mid-210.00s. While the broader trend favors the Yen initially due to profit-taking, the pair remains within striking distance of its multi-year highs (highest since 2008). The correction appears technical rather than fundamental at this stage.
- USD/INR: The Rupee is showing signs of stabilization near 90.16 against the Dollar. The pair has entered a corrective phase following active intervention by the Reserve Bank of India (RBI) last week. Continued capital outflows from Indian equities (FII selling) remain a headwind for the INR, preventing significant appreciation.
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