JPY Trading Outlook (09-11-2010)
The Japanese Yen (JPY) kept inside a 50 point range with USD strength helping to negate EUR/JPY weakness. The market is holding for fresh direction and news, with the G20 looming the risks for intervention are low but major USD weakness is also seen limited. Overall the USDJPY traded with a low of 80.99 and a high of 81.46 before closing the day around 81.15 in the New York session.
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