JPY Trading Outlook (21-10-2011)
The Japanese Yen (JPY) the USD/JPY tested Y77 overnight on expectations the BOJ/MOF may take steps to support the Japanese economy in a way which would lessen the effect of the strong Yen. EUR/JPY was down and then up late in the day as sentiment flips. The crosses will be in action on Monday after the EU summit with the possibility of large moves in either direction.
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