The JPY is within the stronger reaches of its range versus the USD. Although economic data from Japan remains less than promising, risk adverse trading has established itself once again. With so many questions lingering over the international markets, and Asian bourses proving that they are worried about contagion from the European Sovereign Debt equations as much as anyone, the JPY has found ‘old friends’ buying into its ranks for the time being.
Written by bforex.com
