4 Mar 2015
USD/JPY looking to break above 120.50 – Danske Bank
FXStreet (Edinburgh) - In the view of Senior Analyst Signe Roed-Frederiksen at Danske Bank, a breakout of 120.50 in USD/JPY could trigger further upside.
Key Quotes
“In the majors, the USD is strengthening particularly against the EUR, in line with our view”.
“We believe this USD rally has further to go with ECB easing getting started and a likely solid non-farm payroll report on Friday”.
“We are also looking for a break higher in USD/JPY where an upside break of 120.50 will provide the room for a further leg higher. Look for the USD rally to extend over the coming weeks”.
Key Quotes
“In the majors, the USD is strengthening particularly against the EUR, in line with our view”.
“We believe this USD rally has further to go with ECB easing getting started and a likely solid non-farm payroll report on Friday”.
“We are also looking for a break higher in USD/JPY where an upside break of 120.50 will provide the room for a further leg higher. Look for the USD rally to extend over the coming weeks”.