JPY Trading Outlook (10-03-2011)

The Japanese Yen (JPY) was contained to a 20 pip range as the market took a break and stocks offered little direction to crosses. Q3 GDP was unrevised at -0.3% Q/Q. US Jobs data will be closely watch for a chance to break above the Y83 if improvement continues. Overall the USD/JPY traded with a low of 82.56 and a high of 82.96 before closing the day around 82.75 in the New York session.

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