Analysts at Danske Bank see the USD/JPY pair at 102 in one month, at 101 in three months, at 100 in six and at 100 in a year. They point out the US dollar has faced strong headwinds on fading global risks, rising US inflation expectations and brightening global growth. Key Quotes: “We have witnessed a theme of Asian outperformance given the region’s fast recovery from the COVID-19 pandemic, relatively supportive Chinese credit growth and, not least, Asian equities doing well. For Asia in general, and specifically for countries with proximity to China, the lack of being commodity exporters, stable political regimes, strong productivity and low debt are a boon for a rebound in FX.” “We keep our expectations for further JPY strength on the back of the global theme of broad USD weakness and a strong regional anchor in CNH. We believe it is likely we need to see USD/CNH higher to take USD/JPY higher too.” 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 S&P 500 drops back to 3700 area on quad witching day FX Street 2 years Analysts at Danske Bank see the USD/JPY pair at 102 in one month, at 101 in three months, at 100 in six and at 100 in a year. They point out the US dollar has faced strong headwinds on fading global risks, rising US inflation expectations and brightening global growth. Key Quotes: “We have witnessed a theme of Asian outperformance given the region’s fast recovery from the COVID-19 pandemic, relatively supportive Chinese credit growth and, not least, Asian equities doing well. For Asia in general, and specifically for countries with proximity to China, the lack of being commodity exporters, stable… 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.
