Senior Analyst at Danske Bank Mikael Milhoj believes the pair could head towards 114.00 in the medium to longer term. Key Quotes “USD/JPY edged lower overnight as the sell-off in JGB continues while 10Y US yields lost momentum. However, yesterday the cross touched our 1-3M target at 112, despite rising 10Y JGB yields, while higher Japanese yields in isolation are negative for USD/JPY, the BoJ’s policy now appears more robust and credible”. “This will tend to be USD/JPY supportive as BoJ exit fears have eased. In all, we still expect the cross to remain underpinned over the medium term by Fed-BoJ divergence and global growth. We target 114 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: BoE Hike Could Lean GBP Some Support; RSI In Neutral Territory – Citi Yohay Elam 5 years Senior Analyst at Danske Bank Mikael Milhoj believes the pair could head towards 114.00 in the medium to longer term. Key Quotes "USD/JPY edged lower overnight as the sell-off in JGB continues while 10Y US yields lost momentum. However, yesterday the cross touched our 1-3M target at 112, despite rising 10Y JGB yields, while higher Japanese yields in isolation are negative for USD/JPY, the BoJ's policy now appears more robust and credible". "This will tend to be USD/JPY supportive as BoJ exit fears have eased. In all, we still expect the cross to remain underpinned over the medium term by… 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.
