JPY Trading Outlook (03-04-2012)

The Japanese Yen (JPY) the USD/JPY was the strongest hit by the USD reversal falling down to Y82 as crosses as well reversed in a rare day on Yen strength even as stocks rallied. The outlook is mixed with the FOMC minutes tonight critical for the US monetary policy. Traders do not fully believe the BOJ claims to keep doing extraordinary new measures to support the economy going forward.

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