JPY Trading Outlook (15-03-2011)
The Japanese Yen (JPY) opened the week extremely volatile until the BOJ helped stabilize the market with some calming money injections into the market causing a sharp rebound from below Y81 to above Y82. Concerns about nuclear meltdowns have added to uncertainty and volatility. The BOJ held at 0.1%. Overall the USD/JPY traded with a low of 80.61 and a high of 82.48 before closing the day around 81.80 in the New York session. Looking Ahead, Attention of the ongoing Nuclear Plant meltdown risk.
Back to JPY Trading Outlook Archive
