JPY Trading Outlook (30-11-2010)

The Japanese Yen (JPY) continued grinding higher ignoring the rest to market to push to fresh month highs above Y84.40. Y85 is the next target as USD returns to favor and the North Korean Situation damages the Yens safe haven appeal. Overall the USDJPY traded with a low of 83.81 and a high of 84.42 before closing the day around 84.25 in the New York session. UPDATE October Industrial Preliminary at -1.8% vs. -3.3% forecast.

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