FXstreet.com (Barcelona) - The Japanese Yen (JPY) weakened with the USD/JPY -Easy Forex Team said- breaking above 98 and dragging all the crosses higher.

Recent weakness is being attributed to weakening Japanese Economic fundamentals although there has been little complaint from Japanese exporters and the BOJ/MOF has been very quiet about the rapid FX move.

Overall the USDJPY traded with a low of 97.34 and a high of 98.71 before closing the day around 98.30 in the New York session.