JPY Trading Outlook (25-02-2011)

The Japanese Yen (JPY) Dollar weakness sent the major through Y82 to hit stops before rebounding on good cross buying. GBP/JPY has been sluggish in the past 3 days and the recent rally is threatening to unravel. Overall the USD/JPY traded with a low of 81.61 and a high of 82.49 before closing the day around 81.95 in the New York session.

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