JPY Trading Outlook (15-11-2010)
The Japanese Yen (JPY) the dip on the major was bought back up with the market looking to test topside resistance at Y83. AUD/JPY was hurt hard as the risk sensitive currency tracked stock markets lower. GBP/JPY continued to be well supported. Overall the USDJPY traded with a low of 81.66 and a high of 82.65 before closing the day around 82.43 in the New York session. UPDATE Q3 GDP at 0.9% vs. 0.6% forecast.
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