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CA: buy USD/JPY on dips

Analysts at Credit Agricole expect USD/JPY to track lower towards 96.00 yen before finding renewed support from domestic JPY-sellers.

This week analysts see little scope for either policy or economic developments to break JPY from its recent ranges versus both USD and EUR. The next BoJ meeting takes place on Thursday (Oct. 31).

Chart. H4 USD/JPY

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