Barclays provided bearish targets on USD/JPY.

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The technical strategy team at Barclays Capital provided technical setups for major currencies. The analysts provided bearish outlook on USD/JPY, mentioning their plans for selling interest near the 114.90 range highs to cap a move lower.

A break below the support level of 112.15 would indicate downside towards targets near 110.95. A drop below 110.95 would open doors for the next targets around 110.35/05 levels.

The currency pair closed this week at 113.82, almost unchanged from weak earlier.

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