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

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    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”.
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