Home Forex USD/JPY to fall towards 125 in coming months – Danske Bank

USD/JPY to fall towards 125 in coming months – Danske Bank

by SuperiorInvest

Yen saw strengthening from Combat initiates the beginning of the end of his Yield-Curve-Control. Economists at Danske Bank expect the USD/JPY pair to fall towards 125 in the coming months.

Starting the tightening cycle

“Japanese monetary policy has taken over as a key driver of USD/JPY, while global inflation, bond yields and commodity prices remain important to watch.”

“We expect a stronger JPY to come as the Bank of Japan tightens monetary policy and the tightening cycle closes in the US and Europe.”

“We now forecast USD/JPY at 128 (1M), 125 (3M), 125 (6M) and 125 (12M).

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