JPY Trading Outlook (20-04-2011)

The Japanese Yen (JPY) weakened as risk appetite picked up and the market bought Yen crosses aggressively from week lows on Monday. A short term base has been found at the Y82.50 region and a test of Y83 is likely on coming sessions. Overall the USD/JPY traded with a low of 82.35 and a high of 82.90 before closing the day around 82.60 in the New York session.

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