JPY Trading Outlook (12-08-2011)

The Japanese Yen (JPY) the USD/JPY calmed down with the market happy to stay within the Y76.5 and Y77 ranges. The larger volatility was seen on the AUD/JPY which moved aggressively with the large swings in US stocks. The BOJ Governor is still jawboning that the central bank is watching the FX moves closely.

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