JPY Trading Outlook (20-01-2012)
The Japanese Yen (JPY) USD/JPY popped back above Y77 as the EUR/JPY tested Y100 in a sharp rally in the US session. AUD/JPY is also back above the key Y80 level and more gains are on the table if stocks continue to push into fresh year highs. There is still interest from Japanese companies to hedge EUR/JPY on rallies with concern the important cross will continue to trend lower this year.
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