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  • May see a further decline in USD/JPY as the pair carves a series of lower-highs in April, while the bearish RSI momentum continues to take shape.
  • Nevertheless, Japanese policymakers heighten calls for a further expansion in monetary policy and argue that the Bank of Japan (BoJ) should increase its monthly purchases by another JPY10T to bring the asset-purchase program to JPY 90T/month.

  • - USD/JPY Eyes 118.20 Support Ahead of Bank of Japan (BoJ) Meeting.
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