JPY Trading Outlook (09-02-2011)
The Japanese Yen (JPY) briefly dipped below Y82 before rebounding back to opening levels late in New York. The outlook is still very mixed as the weak USD fights strong Yen crosses. Overall the USD/JPY traded with a low of 81.75 and a high of 82.44 before closing the day around 82.30 in the New York session. Looking ahead, January Consumer Confidence previously at 40.1.
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