JPY Trading Outlook (12-12-2012)

The Japanese Yen (JPY) USD/JPY was the only major where the USD gained ground with traders aggressively buying the Yen crosses and this lifted the major back to Y82.50. Traders are wary though because any USD weakness post FOMC tonight will directly affect the USD/JPY negatively. EUR/JPY and AUD/JPY are leading the charge higher on the Yen crosses.

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