JPY Trading Outlook (17-02-2011)

The Japanese Yen (JPY) retested Y84 but failed at the level and pulled back on the USD selling in other pairs. Crosses though were well supported except for GBP/JPY which suffered from some weak fundamental news. Overall the USD/JPY traded with a low of 83.48 and a high of 83.99 before closing the day around 83.65 in the New York session.

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