Market news
16.05.2022, 07:13

USD/JPY to start a move downward once inflation shows signs of peaking – Danske Bank

The global pressure for higher yields and the global energy crunch have weighed heavy on the yen with USD/JPY reaching the highest level since 2002. However, economists at Danske Bank expect the USD/JPY pair to move downward in the medium-term as inflation eases.

Energy crunch to weigh on the yen

“In the short run, the global pressure for higher yields and the global energy crunch will keep weighing on JPY.” 

“Looking further ahead, we do expect the pressure on JPY will wear off when inflation shows signs of peaking and we see Tokyo capping the upside on USD/JPY.”

“We forecast the cross at 129 in 1M, 129 in 3M, 126 in 6M and 122 in 12M.”


© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location