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. Markets Brace for More Volatility on ECB TLTRO, Scotland Referendum
    Forex News

    Markets Brace for More Volatility on ECB TLTRO, Scotland Referendum

  2. USD/JPY unstoppable; 109.00 within reach
    Forex News

    USD/JPY unstoppable; 109.00 within reach

  3. British Pound: Scottish Vote is Close and FX Traders are Nervous
    Forex News

    British Pound: Scottish Vote is Close and FX Traders are Nervous

  4. EUR/USD on mend, but sky is still clouded
    Forex News

    EUR/USD on mend, but sky is still clouded

  5. Asia Recap: Focus shifted to Scottish vote
    Forex News

    Asia Recap: Focus shifted to Scottish vote

Trading Center