JPY Trading Outlook (13-05-2011)

The Japanese Yen (JPY) was very calm against the USD pivoting the Y81 level as Dollar strength competed against weakness in the Yen crosses. EUR/JPY hit new lows under Y115 but was able to bounce and close just above the key level. Overall the USD/JPY traded with a low of 80.69 and a high of 81.31 before closing the day around 80.95 in the New York session.

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