USD/JPY: Toward 200 DMA At 108 – Barclays

Barclays on USD/JPY
 on the back of fragile risk sentiment, declining UST yields amid fading Trump policy expectations and rising geopolitical concerns.
Barclays Capital Research expects further USD/JPY weakness
"Without major domestic drivers until the BoJ meeting on 26-27 April, JPY should remain driven mainly by external factors, such as US rates and general risk sentiment, but we judge that ," Barclays projects.