JPY Trading Outlook (24-02-2012)

The Japanese Yen (JPY) USD weakness meant the recent rally reversed slightly back to the Y80 but found support under the level and bounced back into the close. AUD/JPY and EUR/JPY continued to press higher as the stocks markets rallied in the US and European sessions. EUR/JPY is pressing up against Y107 and looking to Y110 as the next major level.

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