The Japanese Yen (JPY) holiday markets kept the major to a 20 pip range with most of action reserved for crosses with EUR/JPY rallying into the end of the day. The outlook for the USD/JPY is largely dependent on US monetary policy. Overall the USD/JPY traded with a low of 80.75 and a high of 81.05 before closing the day around 80.90 in the New York session. UPDATE April Industrial Production at 1% vs. -15.5% previously.
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