JPY Trading Outlook (17-05-2011)

The Japanese Yen (JPY) the Major was extremely stable in a 30 pip range but the action remained on the crosses with a rare bounce in EUR/JPY and AUD/JPY on the back of improving sentiment and easing risk aversion. Overall the USD/JPY traded with a low of 80.66 and a high of 81.08 before closing the day around 80.90 in the New York session.

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