JPY Trading Outlook (29-09-2010)

The Japanese Yen (JPY) USD weakness pushed the major below Y84 with the market now looking to test the resolve of the Japanese Officials who may intervene again if FX moves threaten the economic recovery. Overall the USDJPY traded with a low of 83.68 and a high of 84.37 before closing the day around 83.90 in the New York session. UPDATE Q3 TANKAN SURVEY 8 vs. 7 Forecast.

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