JPY Trading Outlook (15-04-2011)

The Japanese Yen (JPY) hit day lows after the weak weekly jobless claims testing Y83. The level saw good support and the major bounced with crosses back to more familiar levels at Y83.50 and Y121. Overall the USD/JPY traded with a low of 82.94 and a high of 83.85 before closing the day around 83.50 in the New York session.

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