MUFG look for 107.00/110.00 next week, with a bear bias.
Citing:
- Japanese investors sold JPY more actively so far in the second half of the year
- FOMC and BoJ move were widely expected
- US jobs and ISM data are unlikely to have a big impact on the markets
- Japanese investors' overseas investment flows and related JPY selling as well as year-end USD demand are likely to support USDJPY at lower levels, limiting the downside below 108.00
