JPY Trading Outlook (05-10-2012)

The Japanese Yen (JPY) the BOJ met in Asia today and didn’t offer the market any new stimulus and this disappointed the Yen Bears and we saw the Yen strengthen across the board to take back some of the losses from the last 48 hours. The US NFP number is always a big mover for the USD/JPY and we expect the same tonight.

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