JPY Trading Outlook (11-01-2011)

The Japanese Yen (JPY) was slightly lower under Y83 but the market is undecided on future direction with US Bond Yields the major catalyst for recent moves and risk on or off moving the Yen crosses. Overall the USDJPY traded with a low of 82.65 and a high of 83.30 before closing the day around 82.85 in the New York session.

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