JPY Trading Outlook (01-04-2011)

The Japanese Yen (JPY) pushed above Y83 in another solid move for the major with an uptrend possible if more technical levels can be broken today with the US NFP data. Crosses continued higher with EUR/JPY extending week gains above Y118. Overall the USD/JPY traded with a low of 82.55 and a high of 83.36 before closing the day around 83.25 in the New York session. UPDATE Q1 Tankan at 6 vs. 5 previously.

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