JPY Trading Outlook (22-12-2010)

The Japanese Yen (JPY) USD weakness let the Yen strengthen against the major in the Asian session but the losses were contained with support found at Y83.50 and the pair recovered to opening levels. AUD/JPY is continuing to grind higher. Overall the USDJPY traded with a low of 83.48 and a high of 83.98 before closing the day around 83.85 in the New York session.

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