2 reasons (and others) Barclays still like USD/JPY ...Middle East

Barclays’ analysts cite factors contributing to this risk include:

Trump’s trade policiesU.S.-Japan interest rate differentialscapital outflows from Japan

Additionally, any BOJ rate hike next week is largely anticipated and may even weaken the JPY if perceived as dovish.

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USD/JPY update, hourly candles:

This article was written by Eamonn Sheridan at www.forexlive.com.

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