JPY Trading Outlook (05-11-2010)

The Japanese Yen (JPY) underperformed against a broadly weaker dollar over uncertainty of the outcome of the BoJ meeting on Friday. Heavy demand on the EURJPY throughout European session ensured the JPY was unable to take advantage of the dollar weakness. The USDJPY traded with a low of 80.56 a high of 81.21 before closing the day at 80.74

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