JPY Trading Outlook (04-10-2010)

The Japanese Yen (JPY) the small range is highlighting the markets indecision with the next direction for the major with fears of BOJ intervention competing against USD weakness. Crosses are more interesting with AUD/JPY and EUR/JPY testing recent highs. Overall the USDJPY traded with a low of 83.16 and a high of 83.58 before closing the day around 83.28 in the New York session.

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