JPY Trading Outlook (13-06-2011)
The Japanese Yen (JPY) was stable against the major with both safe havens finding support. EUR/JPY crashed lower to test Y115 before finding support and stabilizing. The weak Chinese data has darken investor sentiment towards the biggest economy in Asia. Overall the USD/JPY traded with a low of 79.95 and a high of 80.46 before closing the day around 80.30 in the New York session.
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