JPY Trading Outlook (23-08-2011)

The Japanese Yen (JPY) after all the talk over the weekend the market did very little on Monday holding in the Y76.50-Y77 range with attempts above the figure sold back very quickly. Soft stock markets are keeping pressure on the crosses so the Yen will remain will supported for the short term. BOJ is continuing to talk about intervention but so far is holding back from physical buying.

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