- Analytics
- News and Tools
- Market News
- JPY emerges as the top performer in the G10 space – Danske Bank
JPY emerges as the top performer in the G10 space – Danske Bank
USD/JPY has been steadily declining this year, with JPY emerging as the top performer in the G10 space. USD/JPY is trading not far from new year-to-date lows just above the 150 mark, Danske Bank's FX analyst Mohamad Al-Saraf reports.
USD/JPY is trading not far from new year-to-date lows
"While US yields have remained largely flat YTD, positive macro surprises in Japan have pushed the 10-year JGB yield up by approximately 35bp so far this year."
"Recent GDP and wage data in Japan have reinforced the case for another rate hike this year, with the next fully priced hike expected by September and a total of 36bp in hikes priced for the full year."
"We believe the next hike could come before the September meeting, and we also see room for an additional hike this year, which would bring the policy rate to 1.00% - a view that markets have increasingly aligned with. We remain short USD/JPY initiated on 13 January."
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
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.
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 teletrade.org. 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 pr@teletrade.global.
Bank transfers
