JPY Trading Outlook (07-09-2011)
The Japanese Yen (JPY) USD/JPY leapt on the USD/CHF move to break above Y77 and threaten to push higher. The BOJ may embark on a similar intervention process if they believe the Yen strength is threatening their fragile recovery. AUD/JPY finished higher but EUR/JPY and GBP/JPY managed to still fall on the day with fears about Greece and Italy debt causing constant selling pressure. Looking ahead, BOJ Rate decision.
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