FXstreet.com (Jakarta) - The Japanese Yen (JPY) once again at the mercy of the stock market trying to rally in Asia before pulling back in the US session. EUR/JPY led the rebound but GBP/JPY was very heavy to leave the outlook mixed.

The IMF report released yesterday painted a bleak picture for both the global and Japanese economies, said Easy Forex Team. Overall the USDJPY traded with a low of 97.60 and a high of 98.62 before closing the day around 98.05 in the New York session.

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