JPY Trading Outlook (28-02-2011)

The Japanese Yen (JPY) the market fell back on the major to support at Y81.60 after failing to reclaim the Y82 level during the Asian sessions. Crosses were more volatile with BGP/JPY leading the market lower. Overall the USD/JPY traded with a low of 81.63 and a high of 82.05 before closing the day around 81.67 in the New York session.

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