JPY Trading Outlook (08-04-2011)

The Japanese Yen (JPY) the USD/JPY fell sharply in the US session on news of the strong aftershock but when no damage was reported the pair reclaimed the key Y85 level and crosses marched higher. Overall the USD/JPY traded with a low of 84.47 and a high of 85.51 before closing the day around 85.00 in the New York session.

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