JPY Trading Outlook (16-11-2010)

The Japanese Yen (JPY) pushed above Y83 after the strong US retail Sales numbers but had earlier kept the level under pressure with many traders turning bullish after months of selling. Q3 GDP improved to 0.9% vs. 0.6%. Overall the USDJPY traded with a low of 82.38 and a high of 83.29 before closing the day around 83.15 in the New York session.

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