JPY Trading Outlook (11-01-2012)

The Japanese Yen (JPY) the USD/JPY contained to Monday’s range with more action seen on Crosses with AUD/JPY and EUR/JPY moving higher with stocks. EUR/JPY is being sold on rallies however and in Asia on Wednesday we are once again seeing selling from Japanese investors. AUD/JPY moved to Y79.50 and is in striking distance of Y80 going forward.

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