JPY Trading Outlook (11-06-2012)

The Japanese Yen (JPY) the USD/JPY is being supported just under Y80 from large gains in the Yen Crosses. The usual USD selling seen against the Yen has not eventuated today with the market now playing the Yen as the key safe haven currency. Strong resistance is seen at the Y80 but a break above may put a bottom in place and seen further gains quickly.

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