The Japanese Yen (JPY) gained against the USD but was very weak against the crosses as stocks markets surged. EUR/JPY rallied above Y113 and could be poised for further gains after finding support at Y110 and the EU debt agreement was reached. Overall the USD/JPY traded with a low of 78.21 and a high of 79.05 before closing the day around 78.50 in the New York session.
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