JPY Trading Outlook (19-04-2012)

The Japanese Yen (JPY) The USD/JPY stayed in a 25 pip range with the USD remaining supported and action only on the GBP/JPY cross which punched back above Y130. The outlook will come down to EUR/JPY and GBP/JPY which will help direct the USD/JPY between Y80-Y83. Only a break of Y80 and lack of action of BOJ would change the outlook for the medium term.

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