FXstreet.com (Barcelona) - The Japanese Yen (JPY) was extremely volatile in Asia weakening after the Q1 Tankan Survey came in at a record low of -58. Almost immediately after this news of the Obama GM comments sent the USD/JPY plummeting aver 1 Yen lower.

A denial from the white house saw the pair recover the rest of the day, said Easy Forex Team. Overall the USDJPY traded with a low of 98.25 and a high of 99.30 before closing the day around 98.50 in the New York session.