JPY Trading Outlook (17-11-2011)

The Japanese Yen (JPY) USD/JPY was steady pivoting the Y77 level as the action was kept to the Yen crosses which moved with stocks. EUR/JPY found support at Y103.50 but the market is bearish and could test Y100 which may spark intervention from BOJ to weaken the Yen. BOJ Rate Announcement held at 0.1% as forecast.

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