JPY Trading Outlook (22-02-2011)

The Japanese Yen (JPY) was supported on safe have flows as the market sold back recent rallies in EUR/JPY and GBP/JPY on spreading middle eastern uprisings. USD/JPY found support at Y83 and remained close to the figure all day. Overall the USD/JPY traded with a low of 82.99 and a high of 83.55 before closing the day around 83.15 in the New York session.

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