The Japanese Yen (JPY) tested above Y81 after the US data but once again failed to break out of the range it has held comfortably for the last two weeks. The weak Japanese economic and business outlook was highlighted by the Q2 Tankan Survey which fell to -9 vs. +6 previously. Overall the USD/JPY traded with a low of 80.51 and a high of 81.14 before closing the day around 80.83 in the New York session.
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