I will write one more time with BOLD letters:

JPY is being demanded with safe haven reasons.

The JPY is holding on to the safe port issue and deflationary effects. However, it is clear that the BOJ does not want to assess the JPY, stating that it will continue the monetary expansion at every opportunity and that it will not avoid additional incentives if necessary.

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GBPJPY-DAILY-CHART-1

Source: http://www.fxters.com/gbpjpy-next-stop-dragon/

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