JPY Trading Outlook (14-02-2012)

The Japanese Yen (JPY) the USD/JPY shot to Y78 after the BOJ announced a new inflation target for the central bank and government to aim towards a 1.0% annual and also expanded the Asset purchase program by 10 trillion yen to 65T Yen. The EUR/JPY and AUD/JPY failed to track the major however with the risk off trade capping gains.

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