JPY Trading Outlook (09-12-2010)

The Japanese Yen (JPY) resumed its rally breaking above Y84 on steady buying throughout the day. Crosses are enjoying gains as well with most trading in a buoyant tone. Overall the USDJPY traded with a low of 83.46 and a high of 84.32 before closing the day around 84.10 in the New York session. UPDATE Q3 GDP at 1.1% vs. 1.0% forecast y/y.

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