JPY Trading Outlook (14-07-2011)

The Japanese Yen (JPY) was weaker against the crosses which took advantage of the recovery rally in the Euro. The Moody&amp rsquo s downgrade warning saw the USD/JPY move back to Y79 and some of the gains on the crosses pulled back with US stocks Futures reacting negatively after the close. &nbsp Overall the USD/JPY traded with a low of 78.64 and a high of 79.59 before closing the day around 79.10 in the New York session.

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