JPY Trading Outlook (08-11-2010)

The Japanese Yen (JPY) reacted positively to the jobs data with the market reclaiming Y81 and closing near Y81.50, threatening to push higher if crosses such as the AUD/JPY continue to extend gains. Overall the USDJPY traded with a low of 80.63 and a high of 81.47 before closing the day around 81.32 in the New York session.

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