eFXdata reports that NAB Research discusses USD/JPY outlook.

"We continue to see current fair value in USD/JPY around ¥108 with price action on the pair expected to be largely contained in a ¥105 to ¥110 range over coming months. Later in H2-21 USD/JPY should gradually move towards a higher trading of ¥107 - ¥112 with an expected renewed rise in 10y UST yields a key factor for our end of the year forecast of ¥110. Our rate strategists expect 10y UST yields to end the year at 2.25%," NAB adds.