The Japanese Yen (JPY) USD/JPY refused to move out of the stranglehold of the recent 5 trading days with only the crosses showing signs of life. AUD/JPY tested Y81 and EUR/JPY tested Y111 but was able to break these resistances and fell back with US stocks into the close. The BOJ Governor Noda continues to comment daily that the central bank will intervene if the currency moves too quickly.
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