JPY Trading Outlook (26-09-2012)

The Japanese Yen (JPY) USD/JPY’s time below Y78 continued with a small rally up to Y77.90 being reversed back to Y77.70. The big selling pressure and hence Yen strength is seen on the EUR/JPY and AUD/JPY both of which dropped to new levels overnight. EUR/JPY found support just above Y100.

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