JPY Trading Outlook (17-10-2011)

The Japanese Yen (JPY) Strong US data and Yen crosses helped lift the USD/JPY back above Y77 and the could see the major rally if we can hold above the key level. Talk that the BOJ will push for a weaker Yen at the G20 meeting and that intervention of some form is still on the table is adding to the topside risks.

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