JPY Trading Outlook (28-10-2011)

The Japanese Yen (JPY) was little changed against the USD as both were sold in risk on trading. USD/JPY traded in a 20 pip range and was unaffected by the BOJ announcements of further easing measures or by Finance Minister Azumi&rsquo s Jawboning. AUD/JPY broke above the key Y80 level is looking to extend gains as investors flood back into the risk trade.

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