JPY Trading Outlook (03-05-2011)
The Japanese Yen the dollar weakness led to default strength for the Yen against the major but the market was still selling the safe haven against most crosses with AUD/JPY and EUR/JPY tracking the stock markets higher. The BOJ held at 0.1% but is downgrading the economic forecast post earthquake and could lead to further stimulus packages.   The USD/JPY is down -0.86 % currently at 81.14, after opening at 81.84.
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