USD/JPY: US yields remain the key driver, 6M target at 112 – Danske Bank

Analysts from Danske Bank point out that the USD/JPY pair remains highly correlated with US bond yields. They see that more gains in USD/JPY require the sell-off momentum in the US fixed income market to be sustained. Key Quotes: “USD/JPY remains highly correlated with the 10Y US treasury yield and the combination of neutral speculative […]

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