The Japanese Yen (JPY) the Yen remained strong on Friday but the USD/JPY was able to lift off lows on the better economic data from the US. USD/JPY found support at Y79 and we closed at Y79.50. The outlook is for more range trading now that the topside resistance at Y80.40 held last week. Yen crosses are the main drag on the major and we are getting close to levels where Japanese Officials have become more vocal.
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