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JPY Trading Outlook (11-10-2010)

The Japanese Yen (JPY) closed below previous BoJ intervention levels for the second successive day to trade at a fresh 15 year low. Japanese Finance Minister Noda indicated that further intervention was a distinct possibility to limit further Yen strength in light of recent currency tensions. Overall the USDJPY traded with a low of 81.72 and a high of 82.57 before closing the session at 82.07. Bank Holiday is scheduled in Japan on Monday.

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