JPY Trading Outlook (28-09-2011)

The Japanese Yen (JPY) the Yen was sold in the risk on environment with EUR/JPY leading the crosses and the major higher. USD/JPY found resistance just under Y77 and EUR/JPY tested Y105 before easing back late in the day on talk of a split between EU countries on the size of the Greece debt haircut to be paid for by private bondholders.

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