JPY Trading Outlook (14-12-2010)

The Japanese Yen (JPY) the Dollar moved lower dragging USD/JPY towards Y83 before buoyant crosses helped to lift the major off lows. AUD/JPY pushed above Y83 and EUR/JPY tested Y112 before easing slightly. Overall the USDJPY traded with a low of 83.03 and a high of 84.37 before closing the day around 83.40 in the New York session. Looking ahead, October Industrial Output previously -1.8%.

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