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Nov 15 - 02:55 PM

USD/JPY: Towards 143 In 1-Month; Not Convinced Global Inflation Pressures Are Yet Turning - Danske

By eFXdata  —  Nov 15 - 01:30 PM

Danske Research discusses USD/JPY outlook and targets the cross at 143 in 1-month.

"The key driver of USD/JPY remains the global inflation outlook and US treasury yields. With the US labour market still in good shape, we are not convinced global inflation pressures are yet turning and thus, in the short run, JPY headwinds will remain in place," Danske notes. 

"Looking further ahead, we do expect the pressure on JPY will wear off. We forecast the cross at 143 (1M), 144 (3M), 139 (6M) and 130 (12M)," Danske adds. 

Source:
Danske Research/Market Commentary

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