JPY Trading Outlook (20-12-2010)

The Japanese Yen (JPY) very quiet with holiday trading keeping the major in a 40 pip range orbiting the Y84 level. EUR/JPY was much more volatile as the Irish downgrade sent the pair down 200 Sen in 2 hours. Overall the USDJPY traded with a low of 83.70 and a high of 84.21 before closing the day around 83.92 in the New York session.

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