JPY Trading Outlook (16-03-2011)
The Japanese Yen (JPY) was in the eye of the storm yesterday as news of radiation leaking and reports of radiation near Tokyo the world&rsquo s largest city sent the Nikkei down over 13% at one stage. The market did stabilize in the afternoon session but the USD/JPY was under pressure for most of the day. Overall the USD/JPY traded with a low of 80.59 and a high of 82.06 before closing the day around 80.90 in the New York session. Looking Ahead, Attention of the ongoing Nuclear Plant disaster.
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