JPY Trading Outlook (06-01-2011)
The Japanese Yen (JPY) was the biggest beneficiary of the good US data soaring past Y83 and looking quite strong ahead of Friday& rsquo s NFP data which could beat expectations given how strong the ADP report was. Crosses were also buoyant with CAD/JPY leading the pack higher. Overall the USDJPY traded with a low of 81.87 and a high of 83.40 before closing the day around 83.25 in the New York session.
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