USD/JPY posted modest losses last week, as the pair closed slightly below the 120 level. The upcoming week is a quiet one, with just three events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY.
The yen took advantage of some weak US numbers, highlighted by poor retail sales and weak manufacturing data. There were no surprises from the BOJ policy minutes, as the central bank maintained its aggressive easing program.
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