JPY Trading Outlook (07-09-2012)

The Japanese Yen (JPY) the risk on trading overnight caused the safe haven Yen to be sold across the board especially against the USD/JPY and EUR/JPY. AUD/JPY surged from Y80 to Y81.30 as the market was caught short from selling in recent days. The US jobs today is a major mover of the USD/JPY and traders are optimistic of a good number after the surprise ADP report yesterday.

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