JPY Trading Outlook (02-09-2011)

The Japanese Yen (JPY) tested resistance above Y77 a few times on strong US data but fell back under the level into the US close as stock losses accelerated. EUR/JPY and GBP/JPY were very heavy as their down trend continued for a third day. USD/JPY is always a major mover on US jobs data and tonight should prove no different.

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