JPY Trading Outlook (31-01-2012)

The Japanese Yen (JPY) the downtrend continued overnight with the USD not getting respite from the EUR/USD with EUR/JPY falling just as quick. The Yen is resuming its advance towards Y75 and could prompt more intervention talk or actually intervention if the selling accelerates. UPDATE December Industrial Production at 4% vs. 3% forecast m/m.

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