USD/JPY further upside still on the cards – Danske Bank
|Mathias Mogensen, Analyst at Danske Bank, sees further upside is likely in the near term.
Key Quotes
“USD/JPY closed in on 1.12 again following relatively dovish minutes from the latest Bank of Japan meeting, which essentially highlighted that any exit, the discussion of which has surfaced recently, remains ‘considerably distant’.
“We look for USD/JPY to edge a tad higher in coming months on general USD weakness and a continued lack of price pressure in Japan”.
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