JPY Trading Outlook (08-10-2010)

The Japanese Yen (JPY) Dollar weakness in Europe sent the USD/JPY back through year lows at Y82.80 to fall quickly Y82.10. The BOJ was noticeably absent and the market is now looking to test the central bank intervention policies.Overall the USDJPY traded with a low of 82.11 and a high of 83.03 before closing the day around 82.40 in the New York session.

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