USD/JPY trend continues to be down – Danske Bank

Sandeep Kanihama FXStreet Contributor

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.

Key Quotes

“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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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