JPY Trading Outlook (25-11-2010)

The Japanese Yen (JPY) was well supported on USD strength and good US jobs data to end near the top of its recent range. Crosses were strong with AUD/JPY leading the pack higher. Overall the USDJPY traded with a low of 82.93 and a high of 83.69 before closing the day around 83.55 in the New York session. Looking ahead, October Trade balance is forecast at 0.63T vs. 0.59T previously.

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