JPY Trading Outlook (23-02-2012)
The Japanese Yen (JPY) USD/JPY broke above Y80 but there were little fireworks and only a small and gentle move higher to Y80.30. The moves are slow but in one direction with little pull back seen in the last 3 weeks. The outlook is for more gains and daily we are seeing more rhetoric from the Japanese government regarding new measures to stoke inflation and economic activity.
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