JPY Trading Outlook (24-05-2012)

The Japanese Yen (JPY) rallied across all majors, as risk-off markets pushed the USDJPY down to levels near 79.20 having traded above 80 earlier in the Asian session. The hardest hit was the EURJPY, falling from 100.85 to 99.55 shortly after the Reuters reports circulated of contingency plans being devised for a Greek exit.

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