FXstreet.com (Jakarta) - The Japanese Yen (JPY) surged on the back of heavy cross sales in Asia with USD/JPY testing 98.20. AUD/JPY and EUR/JPY selling the main channel with the later testing 130 Yen before rebounding for the rest of the day.

Easy Forex Team said: Continued speculation over the health of the Japanese economy is providing support for Yen weakness. Overall the USDJPY traded with a low of 98.15 and a high of 99.65 before closing the day around 99.40 in the New York session.

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