Vladimir Miklashevsky, senior economist at Danske Bank, suggests that USD/JPY pair is consolidating around 108 but they believe the trend continues to be down in the coming months towards around 107.
“US inflation expectations remain on a downtrend but yields are more stable for now. We view it as unlikely that the Fed would invite in a tightening via real rates and the upcoming FOMC meeting could very well be the next catalyst for a stronger JPY as the BoJ remains firmly side-lined.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.