JPY Trading Outlook (02-05-2011)

The Japanese Yen (JPY) remained in familiar levels around the Y81.50 level but closed on a weak footing. The market tested Y81 early on Monday but reversed on USD buying post Bin Laden news. The Outlook is mixed with Friday&amp rsquo s NFP also seen as a major catalyst for fresh direction. &nbsp Overall the USD/JPY traded with a low of 81.02 and a high of 81.65 before closing the day around 81.05 in the New York session. &nbsp

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