JPY Trading Outlook (22-08-2011)

The Japanese Yen (JPY) under a lot of attention during Asia on Monday with talk from BOJ Noda that Japan will take bold action on the Yen over the weekend. The USD/JPY tested new fresh lows on Friday under Y76 briefly before surging on intervention fears. The outlook is mixed with most analysts seeing intervention as failing to stop the Yens rise.

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