JPY Trading Outlook (30-07-2012)
The Japanese Yen (JPY) the USD/JPY enjoyed rare gains on Friday with the US GDP meeting expectations and the EUR/JPY soaring higher. The EUR/JPY dragged the major higher and could be a catalyst for further gains this week since a base has been put in place near the Y78 level. The USD/JPY is being hampered however but the growing consensus of further US monetary easing of some form.
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