USD/JPY will likely fall below 110 according to Deutsche Bank.

Home / Deutsche Bank / USD/JPY will likely fall below 110 according to Deutsche Bank. FORECAST

Deutsche Bank analyst provided their mid-term outlook on USD/JPY. According to the report the currency pair showed little reaction to some important factors, such as BOJ easing or strong data releases from US.

“We do not foresee any decisive comeback in the rate until the markets gain more confidence in the sustainability of both the US economic recovery and global risk-on sentiment. Over the next several months, we see a greater risk of a fallout below ¥110 than a rebound above ¥115.” written in the report.

USD/JPY was trading at 110.3005 as of 4:24 AM EDT, losing about 2% from the start of the month.

Forex Forecast

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