JPY Trading Outlook (10-02-2011)

The Japanese Yen (JPY) consolidated above Y82 and grinded higher in quiet trade. Close attention is paid to the US treasury Yields when trading USD/JPY with higher Yields supporting the USD and pushing the pair higher. Overall the USD/JPY traded with a low of 82.19 and a high of 82.69 before closing the day around 82.35 in the New York session.

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