JPY Trading Outlook (25-01-2011)
The Japanese Yen (JPY) was stronger against the weak Dollar but mixed against the rest in &lsquo risk on&rsquo trading. News a terrorist attack in Moscow helped the safe haven CHF and JPY but the effects were small and short-lived.Overall the USDJPY traded with a low of 82.28 and a high of 82.94 before closing the day around 82.50 inthe New York session. Looking ahead, BOJ Rate Decision forecast to hold at 0.1%.
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