The Japanese Yen (JPY) Held above Y80 but was very contained as the crosses came under pressure with EUR/JPY and GBP/JPY selling leading the way down. The BOJ and Japanese Government officials are trying to slow the downside with warning of intervention and more easing but the market is not really affected by such comments. The Nonfarm Payrolls on Friday is the major risk event for the month for the USD/JPY.
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