JPY Trading Outlook (18-11-2010)

The Japanese Yen (JPY) the rally ran out of steam as the USD failed to extend gains and support was tested on the downside. Y83.00 held firm the major stayed in tight range for the rest of the trading day. Overall the USDJPY traded with a low of 83.02 and a high of 83.57 before closing the day around 83.20 in the New York session.

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