JPY Trading Outlook (28-06-2011)
The Japanese Yen (JPY) was extremely contained against the major in a 40 pip range all day with most of the action once again on the EUR/JPY. The EUR/JPY is the 3rd biggest pair on volume in the market and is often not given enough attention. Y115 has been an important pivot point over the last few months and last night the pair broke back above the key level. Overall the USD/JPY traded with a low of 80.45 and a high of 80.99 before closing the day around 80.75 in the New York session. UPDATE May Retail Sales at -1.3% y/y vs. -4.8% y/y previously.
Back to JPY Trading Outlook Archive
