JPY Trading Outlook (02-11-2010)

The Japanese Yen (JPY) spiked higher, off 15 year lows during the Asian session, on muted BoJ intervention. Those rumours were soon put to rest with Traders citing a &ldquo technical glitch&rdquo as the primary reason for the 1% move higher. The USDJPY traded with a low of 80.25 and a high of 81.36 before closing the day at 80.58

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