JPY Trading Outlook (27-05-2011)
The Japanese Yen (JPY) USD/JPY crashed on the back of US data missing expectations finding support in the lower Y81 region. Most crosses bounce however with equities late in the US session. Overall the USD/JPY traded with a low of 81.07 and a high of 82.04 before closing the day around 81.25 in the New York session. UPDATE April CPI at 0.6% vs. -0.1% previously.
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