JPY Trading Outlook (15-05-2012)

The Japanese Yen (JPY) the Yen was in demand being bought across the board and was the strongest currency on Monday. USD/JPY fell from a small foray above Y80 in Asia to Y79.70 in the US session before stabilizing in the now familiar Y79.50-Y80 range. EUR/JPY fell another leg to Y102.20 and AUD/JPY broke below Y80 as the selling continued.

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