JPY Trading Outlook (18-07-2011)

The Japanese Yen (JPY) the market went to sleep Friday in a 20 pip range from Y79 to Y79.20. Crosses were also stable with the EUR/JPY pivoting the Y112 level after hitting lows under Y110 during the week. Overall the USD/JPY traded with a low of 78.87 and a high of 79.27 before closing the day around 79.05 in the New York session. Looking ahead, Bank Holiday Monday.

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