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Mar 22 - 12:55 PM

USD/JPY: Room For Further Gains; Where To Target? - Danske

By eFXdata  —  Mar 22 - 10:45 AM

Danske Research discusses USD/JPY outlook and targets the pair at 110 in 3-months, and 111 in 6-months.

"We think USD/JPY has further to go, as the US economy will catch up to Asia as it opens up and outpaces Asia and particularly Japan in the vaccine race, although the recent leap has capped upside potential.

"This will continue to press for higher US yields and BoJ will remain reluctant to let JGB yields drift much higher with inflation so far off target," Danske notes. 

Source:
Danske Research/Market Commentary

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