Forex Flash: JPY outlook still negative - NAB

FXstreet.com (San Francisco) - The Japanese yen continues to trade with a negative bias and FX strategists at NAB say: "We have taken profits (perhaps prematurely) on our long USDJPY position established back on Nov 26 at 82.35. Look to re-establish this on a pullback to 85.50-86.00." NAB adds: "We remain long EURJPY and EURCHF and have kept the INR/JPY position recommended in our 'Top Trades for 2013' from 20 December 2012."