JPY Trading Outlook (29-06-2011)
The Japanese Yen (JPY) was the weakest currency in the market with USD/JPY able to break resistance on topside and crosses all rebounding aggressively. EUR/JPY led higher above Y116 and the carry trade AUD/JPY reclaimed the key Y85 level. The market is been support buy a potential earthquake   Overall the USD/JPY traded with a low of 80.65 and a high of 81.27 before closing the day around 81.05 in the New York session.
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