USD/JPY points to 105.40 medium term – Danske Bank

By FXstreet.com | August 27, 2014 AAA

FXStreet (Edinburgh) - Lars Christensen, Chief Analyst at Danske Bank, sees the pair heading towards 105.40 in the medium term.



Key Quotes



“In the major FX-crosses, the DXY index is pausing after the strong rally last week”.



“The EUR will continue to underperform given expectations of ECB easing and the risk that
TLTRO will ‘crowd out’ foreign buying of periphery bonds”.



“We see the JPY and CHF as vulnerable on likely future monetary easing”.



“Technically, USD-JPY may consolidate after the failure to break through important trend-line resistance. Medium-term charts point to 105.40 and 110.10, in line with our fundamental view”.



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY crashes below 106.50, more downside in store
    Forex News

    USD/JPY crashes below 106.50, more downside in store

  2. Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude
    Forex News

    Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude

  3. EUR/USD bulls wake up and drive pair above 1.2800
    Forex News

    EUR/USD bulls wake up and drive pair above 1.2800

  4. Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?
    Forex News

    Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?

  5. AUD/USD Range Endures With Clearer Cues From Candlesticks Desired
    Forex News

    AUD/USD Range Endures With Clearer Cues From Candlesticks Desired

Trading Center