JPY Trading Outlook (03-01-2011)

The Japanese Yen (JPY) tested Y81 after being under pressure all day due to Dollar weakness. Most crosses held their ground or even rallied however as risk appetite remains quite strong. Overall the USDJPY traded with a low of 80.92 and a high of 81.60 before closing the day around 81.10 in the New York session. Looking ahead, Bank Holiday.

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