JPY Trading Outlook (21-12-2010)

The Japanese Yen (JPY) was subdued with markets focused on North Korean Tensions in the Asian session which subsided throughout Europe. USD/JPY remained near to the Y84 level and crosses where flat with the exception of EUR/JPY which pushed back below Y110. Overall the USDJPY traded with a low of 83.61 and a high of 84.14 before closing the day around 83.90 inthe New York session.

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