News Snapshot:
According to analysts from Danske Bank the USD/JPY pair has further room to move to the upside. They see the pair at 110.00 in a three-month horizon and at 111.00 in six months. Key Quotes: “The usual suspects are back as key USD/JPY drivers, and as we have seen, lower US yields take USD/JPY somewhat lower through the last couple of weeks. At the same time, soaring commodity prices have supported USD/JPY. Being one of the world’s biggest oil importers, we expect higher oil prices to weigh on the yen going forward. The “Asia” factor seems to have faded with...
