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USD/JPY scope for further upside – Danske Bank

Jakob Christensen, Chief Analyst at Danske Bank, sees room for further upside in spot.

Key Quotes

“Yesterday saw a bit of USD strength materialising across other majors with notably USD/JPY recovering and EUR/USD falling back”.

“If the tensions over North Korea continue to ease, not least USD/JPY looks set for further upside as the US economy recovers and the Bank of Japan remains in the reluctant-to-retreat-on-stimulus camp (which the ECB looks set to join in the not too distant future)”.

EUR/USD underpinned by 1.1750 – UOB

FX Strategists at UOB Group stick to the neutral stance on the pair in the near term. Key Quotes 24-hour view: “Instead of extending its gains, EUR
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GBP/USD keeps the bearish bias unchanged – UOB

According to FX Strategists at UOB Group, Cable’s outlook remains entrenched into the bearish side in the near term. Key Quotes 24-hour view: “The t
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