The Japanese Yen (JPY) was strong against the USD as risk off trading and support broke at Y82.40. Support under Y82 was found however and the major was able to recover slightly into the close. The medium term outlook is still mixed with US economic data provide the biggest movement and direction. Overall the USDJPY traded with a low of 81.83 and a high of 82.71 before closing the day around 82.30 in the New York session.
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