The Japanese Yen (JPY) the Yen had a very weak day with the market latching on to comments from a Japanese Official that the economy was in a & lsquo severe& rsquo state post-earthquake. Crosses led by GBP/JPY all moved higher. Overall the USD/JPY traded with a low of 80.820 and a high of 81.78 before closing the day around 81.40 in the New York session.
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