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USD/JPY took a deep dive to 104 and below on the lack of action from the Bank of Japan. This may well change next month, with fiscal and monetary stimulus in play. Here are two opinion from Barclays and from BNP Paribas:

Here is their view, courtesy of eFXnews:

We Still Expect Further BoJ Easing In July As A Baseline Forecast – Barclays

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