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EURJPY: Intraday Analysis & Setup update

The fragile Japanese yen looks set to suffer more pain against its rivals as Japan’s economy splutters, its interest rates remain low and technical factors continue to weigh on the Asian currency.

The yen sagged on the euro, sterling and other crosses this week and headed for a fourth weekly drop against the dollar on Friday as investors chased better yields just about everywhere else, wagering Japan’s rates would stay near zero for some time.

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