USD/JPY: Exporters to sell ahead of fiscal year end - BTMU

Watch for USD/JPY selling in the week ahead

USD/JPY has dropped by JPY 7-8 from JPY120 to JPY112-113 so far in 1Q as seasonal factors exports and cash repatriation have supported the JPY appreciation, shifting the direction of USD/JPY from the JPY depreciation, notes BTMU.

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