The Japanese Yen (JPY) was sold initially in the Asian session after the Bank of Japan cut rates to 0-0.1% and the expansion of QE by 5trillion Yen. Europe was less than impressed however and traders their pushed the major back down for a test of Y83 which held firm on the first attempt. Overall the USDJPY traded with a low of 82.94 and a high of 84.01 before closing the day around 83.20 in the New York session.
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