JPY Trading Outlook (03-06-2011)

The Japanese Yen (JPY) USD/JPY fell below Y81 on the back of weakness in the Dollar but Yen crosses followed EUR/JPY higher. AUD/JPY found solid support below Y86 before creeping back towards Y86.5 resistance. Overall the USD/JPY traded with a low of 80.55 and a high of 81.35 before closing the day around 80.85 in the New York session.

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