JPY Trading Outlook (02-06-2011)

The Japanese Yen (JPY) Yen did well from its safe haven status with the market still buying when stock markets fall. USD/JPY broke below Y81 and the key Y80 level is back on the cards if heavy selling comes through on the Yen crosses. Overall the USD/JPY traded with a low of 80.65 and a high of 81.51 before closing the day around 80.90 in the New York session.

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