- USD/JPY to drop substantially amid further curve flattening and declining commodities – Danske Bank
Market news
15 February 2022
USD/JPY to drop substantially amid further curve flattening and declining commodities – Danske Bank
USD/JPY continues to fluctuate between 115.00 and 115.50. Looking ahead, economists at Danske Bank expect the pair to move downward and fall to the 110 level.
Lower on declining commodities and flatter yield curves
“We expect tailwinds for JPY going forward as commodities start to slide and we see further curve flattening ahead.”
“We forecast the cross at 115 in 1M, 113.5 in 3M, 112 in 6M and 110 in 12M.”
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page