JPY Trading Outlook (12-02-2013)

The Japanese Yen (JPY) USD/JPY returned aggressively to the uptrend soaring from Y92.50 to fresh trend highs above Y94 after comments from the US Treasury Official Brainard that the US endorses Japans effort to end deflation and boost growth. EUR/JPY is leading again up to above Y126 from Y123 Asian open.

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