USD/JPY seems fundamentally overvalued – Danske Bank – by FXstreetNews USDJPY Banks
“USD/JPY seems fundamentally overvalued, and together with our base case of monetary policy tightening during summer; we expect the cross to drop to 127 in 3M. In the near-term, however, we could see some topside risks to the cross on the back of a relatively hawkish Fed and a dovish“A rally in global commodity prices is an upside risk to the USD/JPY, as Japan is a net energy importer. Generally, upward moves in US yields for whatever reason continue to be a tailwind for the USD/JPY.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
USD/JPY eases from multi-week top amid modest USD weakness, downside seems cushionedUSD/JPY eases from multi-week top amid modest USD weakness, downside seems cushioned – by hareshmenghani USDJPY Fed Bonds RiskAppetite Currencies
Lire la suite »
USD/JPY Price Analysis: Gains momentum on rising US Treasury bond yieldsThe USD/JPY moved higher as US Treasury bond yields resumed their uptrend, following the last week’s hawkish commentary by Federal Reserve (Fed) offic
Lire la suite »
USD/JPY tracks yields to retreat from five-week high below 135.00 amid BoJ, Fed concernsUSD/JPY tracks yields to retreat from five-week high below 135.00 amid BoJ, Fed concerns – by anilpanchal7 USDJPY BOJ Fed YieldCurve RiskAversion
Lire la suite »
USD/JPY keeps targeting the 134.80 region – UOBAccording to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, the upside momentum in USD/JPY remains focused on the
Lire la suite »
USD/JPY slips below 134.00, fresh daily low amid broad-based USD weaknessThe USD/JPY pair retreats from a nearly five-week high, around the 134.80 region touched earlier this Tuesday and extends its steady intraday descent
Lire la suite »
USD/JPY grinds near 134.00 as US Dollar, yields fail to cheer hawkish Fed betsUSD/JPY picks up bids to pare the previous day’s U-turn from a five-week high around 134.00 as Tokyo opens for Wednesday. In doing so, the Yen pair fa
Lire la suite »