USD/JPY: 110 is seen as a short-term ceiling – Danske Bank

The second half of 2020 continues to be the time when USD/JPY could move slightly higher, according to analysts at Danske Bank.

Key quotes

“We continue to expect 112 in 6M and 12M, which still reflects our view of a strong USD.” 

“Near-term, we see USD/JPY as trading in the 107-110 range.”