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USDJPY: Stuck around its range lows. What’s next?: Barclays

Still sees potential downside risk
Barclays Capital FX Strategy Research notes that the USDJPY remains near the bottom of the YTD range around 109.00.  They argue that, "Most f the USDJPY weakness was due to rising political uncertainty in the US rather than any Japan-specific factor.  Indeed Japan’s solid CPI data had minimal impact on the