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JPY Daily News
Japanese Yen Mildly Bullish vs. Rivals
Friday, 11 Mar 2011
The Japanese yen completed yesterday's trading session with mixed results versus the other major currencies. The JPY was broadly unchanged versus the CHF yesterday and closed its trading session around the 88.90 level. The JPY saw bullishness against the EUR as it jumped around 90 points and closed at 114.50.
As for today, the JPY's trends will be affected by the rallies of its primary currency pairs. It seems the USD and EUR are expected to continue volatile trading sessions today and their crosses with the JPY will likely be as well. Traders should keep a close look on the news coming from the US and Britain as these economies will be the deciding factors in the JPY's movement today.
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