JPY Trading Outlook (19-07-2012)
The Japanese Yen (JPY) USD/JPY is still very weak as the USD remained on the sell side and Yen crosses fail to hold onto gains. EUR/JPY is still below Y97 and looking heavy. Longer term traders watch US 2-year bond yields when trying to predict whether USD/JPY will rally or not and these yields are still remaining near historic lows while the US monetary policy future is debated.
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