JPY Trading Outlook (20-06-2011)

The Japanese Yen (JPY) dollar weakness helped the major head back to the lower end of its recent range at the Y80 key level. Weak US Consumer sentiment and cautious crosses have allowed the Yen to remain on the front foot. EUR/JPY rallied back towards the key Y115 level.Overall the USD/JPY traded with a low of 80.00 and a high of 80.65 before closing the day around 80.15 inthe New York session.

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