JPY Trading Outlook (21-04-2011)

The Japanese Yen (JPY) hit day highs in Asia with the major above Y83 before reversing in the US session as USD weakness overwhelmed. AUD/JPY and EUR/JPY moved multiple Yen higher and have resumed the uptrend. Overall the USD/JPY traded with a low of 82.25 and a high of 83.12 before closing the day around 82.25 in the New York session.

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