JPY Trading Outlook (07-10-2010)

The Japanese Yen (JPY) hit fresh decade lows underneath the September intervention level at Y82.80. The market is cautious at these levels of any new intervention from the Bank of Japan to stem the rise of the exporting currency. Overall the USDJPY traded with a low of 82.73 and a high of 83.27 before closing the day around 82.95 in the New York session.

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