The Japanese Yen (JPY) was a big mover yesterday as S& P downgraded Japan to AA- on the back of a & lsquo lack of a coherent strategy& rsquo to deal with their debt situation. USD/JPY moved from Y82 to Y83 very quickly before consolidating the move for the rest of the session. Overall the USDJPY traded with a low of 82.00 and a high of 83.23 before closing the day around 82.75 in the New York session.
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