JPY Trading Outlook (19-05-2011)
The Japanese Yen (JPY) The Yen remained under pressure across the board on strong Yen crosses and a rally in the on US Bonds yields. Concern about the Japanese economy was highlighted by the Q1 GDP at -0.9% vs. -0.5% forecast with the effects of the Japanese Earthquake still reverberating through the country. Overall the USD/JPY traded with a low of 80.92 and a high of 81.82 before closing the day around 81.60 in the New York session.
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