JPY Trading Outlook (31-03-2011)

The Japanese Yen (JPY) remained strong supported by the strong ADP Employment report at 201k vs. 208k previously. Crosses enjoyed solid gains with AUD/JPY year highs above Y85 and EUR/JPY now above Y117 in very one sided moves. Overall the USD/JPY traded with a low of 82.40 and a high of 83.23 before closing the day around 83.10 in the New York session.

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