JPY Trading Outlook (05-04-2012)
The Japanese Yen (JPY) the major was pulled down yesterday after the large falls in US stocks led to a cross sell off. EUR/JPY was the weakest down to Y108 before stabilizing. The outlook is mixed with improving US data and tightening monetary policy outlook having to fight against general risk aversion. US jobs data is ahead on Friday and will be the next key risk event.
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