The Japanese Yen (JPY) was strong across the markets as stocks dived and the USD/JPY struggled to maintain above the Y82 level. US Fed Chief Bernanke spoke in the US session but offered little more except to reinforce being committed to the QE2 600bn program. Overall the USD/JPY traded with a low of 81.77 and a high of 82.26 before closing the day around 81.85 in the New York session.
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