JPY Trading Outlook (16-06-2011)

The Japanese Yen (JPY) the major moved higher as the USD outperformed on safe have flows. The yen did strengthen against risk currencies though with EUR/JPY breaking below the key Y115 level and NZD/JPY sharply back to Y65. Overall the USD/JPY traded with a low of 80.37 and a high of 81.07 before closing the day around 80.90 in the New York session.

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