JPY Trading Outlook (29-04-2011)

The Japanese Yen (JPY) was very quiet on the major with USD/JPY trading inside a 40 pip range during the US and European sessions given weak US data hurting sentiment. Crosses are also being watched closely with AUD/JPY approaching the Y90 level. The BOJ Held at 0.1% as forecast. Overall the USD/JPY traded with a low of 81.38 and a high of 82.29 before closing the day around 82.10 in the New York session.

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