JPY Trading Outlook (03-02-2012)

The Japanese Yen (JPY) the USD/JPY went to sleep in a 10 pip range as the market consolidate and the crosses got very little direction from the quiet stocks markets. The US Jobs data has the potential to move the pair as the critical piece of data will highlight the health of the US economic recovery. Support is seen under Y76 and intervention was done at Y75.30 last year by the BOJ.

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