JPY Trading Outlook (05-01-2011)

The Japanese Yen (JPY) was strong with USD/JPY breaking above Y82 on a combination of good US data and heavy GBP/JPY, EUR/JPY buying during the European session. Overall the USDJPY traded with a low of 81.60 and a high of 82.30 before closing the day around 82.10 in the New York session.

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