JPY Trading Outlook (26-05-2011)

The Japanese Yen (JPY) EUR/JPY and GBP/JPY led the market higher with the risk on trading in European and US session helping reverse recent losses. Tonight&amp rsquo s US jobs data is important for the uptrend to develop with a sub 400k print potentially leading to a break out. Overall the USD/JPY traded with a low of 81.78 and a high of 82.22 before closing the day around 81.95 in the New York session.

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