JPY Trading Outlook (09-05-2011)
The Japanese Yen (JPY) was sold against most currencies after the US Jobs numbers with USD/JPY testing Y81 immediately after and AUD/JPY and GBP/JPY doing well. EUR/JPY reversed on the Greece rumors but is well positioned going into the new week. Overall the USD/JPY traded with a low of 80.16 and a high of 80.93 before closing the day around 80.62 in the New York session.
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