USD/JPY to reach the 110.40 highs as US yields are on the rise again – ING

Market news

13 September 2021

USD/JPY to reach the 110.40 highs as US yields are on the rise again – ING

FXStreet reports that economists at ING discuss USD/JPY prospects.

“Any improvements on the US-China relationship should continue to hit JPY harder than USD, and drive USD/JPY back up. The balance of risks was skewed for a continuation of the trend higher in 10-year US yields into the week ahead, with a chance to re-test the 1.37% monthly highs.”

“We think USD/JPY could move back to the 110.40 highs in the week ahead.”

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