JPY Trading Outlook (17-08-2012)

The Japanese Yen (JPY) Yen weakness continued overnight with USD/JPY pushing higher into the Y79 region after heavy sell orders where worked through and the crosses enjoyed fresh gains. EUR/JPY and GBP/JPY are both rallying higher and beginning uptrends. Continued Yen weakness will require US Data to remain upbeat and US stocks to remain strong.

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