JPY Trading Outlook (19-11-2010)

The Japanese Yen (JPY) popped higher on the very good US Philly Fed numbers to fresh month highs above Y83.80. The market is beginning to focus on the topside with improving US data and improving risk sentiment helping the Yen Crosses rally. Overall the USDJPY traded with a low of 83.08 and a high of 83.81 before closing the day around 83.55 in the New York session.

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