JPY Trading Outlook (23-11-2010)

The Japanese Yen (JPY) the range trading continued with the major being dragged slightly lower due to heavy cross selling especially on the EUR/JPY. The outlook is mixed as recent USD strength competes with the Yen&amp rsquo s safe haven status. Overall the USDJPY traded with a low of 83.21 and a high of 83.58 before closing the day around 83.35 in the New York session.

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