JPY Trading Outlook (05-10-2010)

The Japanese Yen (JPY) little action was seen on the major with focus instead on crosses. The BOJ meet today and the market is very keen to see if the Central bank expands easing measures or comments on the strong Yen. Overall the USDJPY traded with a low of 83.19 and a high of 83.89 before closing the day around 83.45 in the New York session. Looking ahead, BOJ forecast to hold at 0.1%.

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