The Japanese Yen (JPY) was under heavy selling pressure with the strong US jobs data sending the USD/JPY soaring above Y84 and EUR/JPY to Y120. The return of the carry trade is on everyone&rsquo s minds with the markets still thousands of pips off 2007 levels. Overall the USD/JPY traded with a low of 83.42 and a high of 84.73 before closing the day around 84.15 in the New York session.
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