JPY Trading Outlook (29-03-2011)

The Japanese Yen (JPY) the market grinded higher on support for risk and strong crosses. EUR/JPY pushed back above Y115. USD/JPY resistance was found at Y81.80 before stabilizing. GBP/JPY has been underperforming in recent session as Cable falls back but is holding above Y130. Overall the USD/JPY traded with a low of 81.49 and a high of 81.87 before closing the day around 81.70 in the New York session.

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