JPY Trading Outlook (12-05-2011)

The Japanese Yen (JPY) the USD/JPY actually did well breaking above Y81 even in risk aversion as the USD performed well and short&rsquo s lost faith that Y80 would be broken. The outlook is mixed with crosses closely related to the performance of stocks which are also under pressure. Overall the USD/JPY traded with a low of 80.60 and a high of 81.34 before closing the day around 81.00 in the New York session.

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