Senior Analyst at Danske Bank Morten Helt believes the pair is poised to rangebound between 110.00 and 115.00 in the medium term. Key Quotes “USD/JPY remains highly correlated with the 10Y US treasury yield and the combination of a neutral speculative JPY positioning and higher US 10Y yields is likely to remain a supporting factor for USD/JPY. Political uncertainty in Japan is likely to weigh on USD/JPY over the summer ahead of the Liberal Democratic Party’s (LDP) leadership election in September, and we expect USD/JPY to trade within the 108-111.40 in the coming months targeting 110 in 1-3M”. “Over the medium term, we expect USD/JPY to remain underpinned by the continued global growth outlook and Fed-BoJ divergence, and we expect the cross eventually to settle in the 110-115 range in 6-12M targeting 112 in 6-12M”. 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 GBP/USD Technical Analysis: Cable struggles to break above 1.3200 after reaching new 2018 low FX Street 3 years Senior Analyst at Danske Bank Morten Helt believes the pair is poised to rangebound between 110.00 and 115.00 in the medium term. Key Quotes "USD/JPY remains highly correlated with the 10Y US treasury yield and the combination of a neutral speculative JPY positioning and higher US 10Y yields is likely to remain a supporting factor for USD/JPY. Political uncertainty in Japan is likely to weigh on USD/JPY over the summer ahead of the Liberal Democratic Party's (LDP) leadership election in September, and we expect USD/JPY to trade within the 108-111.40 in the coming months targeting 110 in 1-3M". "Over… Top 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.
