JPY Trading Outlook (20-08-2012)

The Japanese Yen (JPY) the new trend in the market seems to be gaining new followers each day as the buyers carve out daily gains. Multi-week highs were seen on Friday and this has continued on Monday in Asia with a break above the key Y79.50 level with relative ease. Yen crosses are enjoying but most majors are under pressure so gains are limited.

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