The Japanese Yen (JPY) had a volatile trading day with risk aversion sending the Yen higher across the board. The USD/JPY was able to spike higher in Asia to Y83.40 after Moody&rsquo s put Japan on negative watch.   Overall the USD/JPY traded with a low of 82.99 and a high of 83.55 before closing the day around 83.15 in the New York session. Update January Trade Balance at -471bn vs. 60bn forecast.
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