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- USD/JPY: markets will be on its toes this week before ism and nfp next week - Danske
USD/JPY: markets will be on its toes this week before ism and nfp next week - Danske
Danske Research flags a scope of pricing more market's uncertainty ahead of the key US data releases (ISM and NFP) next week.
"USD rates and USD/JPY are now trading close to mid-August lows and even EUR/USD bounced on the news even though the pair has been less receptive to trade and/or US monetary policy news lately," Danske notes.
"Development on Friday means that markets will be on its toes this week before key US data releases (ISM and NFP) next week. We stress that we still see potential for USD/JPY to undershoot our 3M forecast of 105," Danske adds.
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