JPY Trading Outlook (04-02-2013)

The Japanese Yen (JPY) Yen selling was aggressive again on Friday with the increase in US Unemployment Rate only providing only the smallest of pullbacks before the USD/JPY and EUR/JPY uptrends resumed. EUR/JPY hit fresh trend highs above Y127 before easing with the major. USD/JPY grinded towards Y93 but has so far failed to breach the round figure.

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