JPY Trading Outlook (29-10-2010)

The Japanese Yen (JPY) gained against the Dollar as the relief rally ran out of steam and the major slipped back to Y81. September Retail Sales gained 1.2% y/y vs. 3.2% forecast and 4.3% previously. Overall the USDJPY traded with a low of 80.85 and a high of 81.73 before closing the day around 81.00 in the New York session. Update September Japanese Core CPI &nbsp at -0.5% vs. -1.0% previously y/y.

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