According to analysts at Danske Bank the USD/JPY will drop toward 107.00, before recovering to 110.00 on a twelve month horizon. They expect global sentiment to remain the key driver in the pair. Key Quotes: “We expect global sentiment to remain the key driver in the cross as risk-off, commodity sell-off and falling US rates run together and amplify each other to take USD/JPY lower.” “Drivers set to take JPY back above 110 include (1) an inflation-driving Fed cut, (2) strong BoJ easing and/or (3) improving global macro.” “Events to take JPY below 105 include (1) declining commodity prices, (2) continued deterioration of global demand and (3) negative news from the trade war, especially as optimism has been broad based in recent months.” “We change our USD/JPY forecast from 106 to 107 on 1M, 3M and 6M, which reflects the stabilisation in global demand at a low level. However, Brexit and trade talks have also taken a more benign direction. On a 12M horizon, strengthening global demand continues to be our base case, which shifts USD/JPY to 110.00.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Existing Home Sales pull back, but trend remains positive – Wells Fargo FX Street 3 years According to analysts at Danske Bank the USD/JPY will drop toward 107.00, before recovering to 110.00 on a twelve month horizon. They expect global sentiment to remain the key driver in the pair. Key Quotes: "We expect global sentiment to remain the key driver in the cross as risk-off, commodity sell-off and falling US rates run together and amplify each other to take USD/JPY lower." "Drivers set to take JPY back above 110 include (1) an inflation-driving Fed cut, (2) strong BoJ easing and/or (3) improving global macro." "Events to take JPY below 105 include (1) declining commodity… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
