JPY Trading Outlook (13-10-2010)

The Japanese Yen (JPY) continues to target record highs of 79.75 versus the dollar, despite household confidence easing to 41.2 on Tuesday and MOF comments that intervention will continue to be an option to prevent excessive JPY strength, the USDJPY continues to trade at 15 year lows. The USDJPY traded with a low of 81.66 and a high of 82.34 before closing the day at 81.83.

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