JPY Trading Outlook (21-06-2011)
The Japanese Yen (JPY) solid support for USD/JPY at Y80 helped stabilize the major and strong EUR/JPY buying late in the day helped lift the pair higher. The outcome for Greece and the FOMC meeting tomorrow is main event risk for the safe haven currency this week. Overall the USD/JPY traded with a low of 80.01 and a high of 80.38 before closing the day around 80.20 in the New York session.
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