JPY Trading Outlook (03-01-2012)

The Japanese Yen (JPY) the heavy selling on Friday say the major open below Y77 and this continued to the be the level the pair stayed at for the entire trading day. The market will be watching closely for comments from Japanese companies and politicians about the strength of the EUR/JPY with the major trading partner slipping below Y100 and has moved down from Y170 highs 3 years ago.

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