JPY Trading Outlook (16-02-2012)
The Japanese Yen (JPY) the USD/JPY rally stalled at Y78.50 overnight with the crosses weighing on the major after heavy falls in EUR/JPY and AUD/JPY. The daily volatility is increasing on the Yen crosses and this is bringing more speculators back to the relatively quiet currency. The outlook for more Yen weakness will requires the stocks markets and risk appetite to pick up or the safe haven demand for Yen will trump the speculative carry trade.
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