USD/JPY to stay bearish on a strategic horizon – Danske Bank
Source Fxstreet
Amid risk-on sentiment yesterday USD/JPY traded above 149 yesterday, Danske Bank's FX analyst Jens Nærvig Pedersen reports.
BoJ seems to be ready to hike rates again
"Early Wednesday, the BoJ is widely expected to keep rates unchanged. Reflation momentum remains intact in Japan after big corporates decided to meet their unions' quite high wage in demands last week. The spring will show to what extent, this spills over to smaller businesses, which will be key to further rate hike potential."
"We expect the BoJ will be ready to hike rates again in July and believe the FOMC meeting on Wednesday to be a bigger deal for yen crosses than the BoJ. We still favour short USD/JPY on a strategic horizon."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
XRP has struggled to gain momentum, with its price caught in a downtrend since the beginning of March. Although XRP has managed to push up in the past five days after reaching a low of $1.93 on March
Gold price (XAU/USD) remains strong near $2,985 after retracing from an all-time high of $3,005 during the early Asian session on Monday.
Ethereum Price Forecast: ETH consolidates below $2,000 as Standard Chartered alters its prediction for 2025Ethereum (ETH) remained just below $2,000 in the Asian session on Tuesday as Standard Chartered's Global Head of Digital Assets Research, Geoffrey Kendrick, updated the bank's 2025 price forecast for ETH.
Ethereum (ETH) remained just below $2,000 in the Asian session on Tuesday as Standard Chartered's Global Head of Digital Assets Research, Geoffrey Kendrick, updated the bank's 2025 price forecast for ETH.
Gold price (XAU/USD) scales higher for the second straight day – also marking its fifth day of a positive move in the previous six – and hits a fresh record high, around the $3,010 region during the Asian session on Tuesday.
Bitcoin (BTC) has gone through three previous halving cycles with a relatively clear price pattern. The supply decreased, demand surged, and Bitcoin’s price skyrocketed afterward. However, in the four
Related Instrument
