JPY Trading Outlook (04-11-2011)

The Japanese Yen (JPY) the stability continued at the Y78 level with the market playing the Yen against crosses. AUD/USD was in action reversing from Y80 to Y81.50 and EUR/JPY bounced to Y108 as sentiment improved. The US Jobs data is always a big event for the USD/JPY as it directly affect US monetary policy.

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