JPY Trading Outlook (03-05-2011)

The Japanese Yen (JPY) ended on strong note with crosses and majors falling with US stocks. USD/JPY once again tested Y81 but again the level held. Below this the key Y80 level and talk of BOJ intervention will resume. Overall the USD/JPY traded with a low of 81.69 and a high of 81.03 before closing the day around 81.25 in the New York session. &nbsp

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