JPY Trading Outlook (02-12-2010)

The Japanese Yen (JPY) was the weakest currency in the market with USD/JPY remaining supported on dips and EUR/JPY leading the Yen crosses higher tracking the 2% gain in US stocks. Overall the USDJPY traded with a low of 83.36 and a high of 84.41 before closing the day around 84.15 in the New York session.

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