USD/JPY: risks remain to the downside – Danske Bank

Arne Rasmussen, Chief Analyst at Danske Bank, sees the possibility that the pair could grind lower.

Key Quotes

“USD/JPY continues to test lower levels in a broad weak USD environment without any clear additional warnings from the Japanese authorities”.

“We stress that the near-term risks are to the downside in USD/JPY ahead of the psychological support level at 105”.