The Japanese Yen (JPY) tested Y82 but held firm and rebounded softly into the close. The outlook for the USD/JPY is range trading until the Y81-84 limits are broken. EUR/JPY traded around the Y115 level as the market consolidated the rally. Overall the USD/JPY traded with a low of 81.93 and a high of 82.41 before closing the day around 82.25 in the New York session.
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