JPY Trading Outlook (21-02-2011)

The Japanese Yen (JPY) was under constant selling pressure on USD/JPY as Dollar weakness pushed the pair back to Y83. Most crosses gained slightly however as EUR/USD, GPD/USD and AUD/USD outpaced to the topside. Overall the USD/JPY traded with a low of 83.04 and a high of 83.53 before closing the day around 83.10 in the New York session.

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