JPY Trading Outlook (26-10-2011)

The Japanese Yen (JPY) fresh all time lows were seen on the USD/JPY under Y75.80 overnight briefly before the pair bounced back to Y76. The verbal intervention out of Japan in growing louder with Fin min Azumi talking daily about the ability of the BOJ to do what is needed to stop speculators hurting the Japanese economy. Looking ahead, September Retail Sales forecast at 0.1% vs. -2.6% previously.

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