JPY Trading Outlook (01-03-2012)

The Japanese Yen (JPY) USD/JPY rallied aggressively with the strong US data and lack of QE3 talk from the FED chairman. USD/JPY broke above Y81 and is in striking distance of Y81.50 the previous high on Monday. The outlook is for more losses for the Yen if the US economic data continues to outperform Japans.

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