JPY Trading Outlook (06-12-2010)

The Japanese Yen (JPY) the USD/JPY moved sharply lower after the US Jobs data was released doing major technical damage to the recovery and putting the Y80 level back on the radar of the bears. Crosses where more mixed with AUD/JPY and EUR/JPY finishing slightly stronger. Overall the USDJPY traded with a low of 82.54 and a high of 83.89 before closing the day around 82.65 in the New York session.

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