JPY Trading Outlook (27-01-2011)

The Japanese Yen (JPY) tested Y82 again as the Dollar remained under pressure before rallying in the US session on strong housing data. The FOMC statement undid the positive momentum and the pair finished on a weak note.Overall the USDJPY traded with a low of 81.96 and a high of 82.62 before closing the day around 82.20 inthe New York session.

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