JPY Trading Outlook (10-05-2011)

The Japanese Yen (JPY) the Yen was sold against most currencies to begin the day but the US session saw crosses fall back to opening levels with the market struggling to hold onto gains. EUR/JPY slumped to Y115 but was able to find support and consolidate. Overall the USD/JPY traded with a low of 80.16 and a high of 80.84 before closing the day around 80.30 in the New York session.

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