The Japanese Yen (JPY) broke above Y85 in a strong move higher lifting all the crosses with the market beginning a new trend. The close above Y85 is going to help cement the move higher and if crosses continue to rally then the major may test Y87 in coming weeks. Overall the USD/JPY traded with a low of 84.15 and a high of 85.26 before closing the day around 85.10 in the New York session.
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