USD/JPY expected to keep the upside – Danske Bank

FXStreet (Edinburgh) - In the opinion of Allan von Mehren, Chief Analyst at Danske Bank, both the EUR and the JPY will keep their bias against the greenback.

Key Quotes

“After an eventful week last week, global and Scandi FX markets are likely to use the first couple of days this week to digest the news”.

‘We expect higher US short-end rates to have the largest impact on currencies where rates are likely to stay low for a prolonged period”.

“This includes EUR, JPY and CHF. USD/JPY and EUR/USD are in no man’s land after recent breaks and we expect the current trend to continue”.