USD/JPY: 125 could be tested on good US data – DB

By FXStreet FXStreet (Guatemala) – Analysts at Deutsche Bank offered a snapshot of an insight to USD/JPY.

Key Quotes:

“We believe the USD/JPY will remain in a narrow range around 120 for now. If US statistics remain firm and a rate hike seems likely in December, the rate could test 125.”

“We should prepare for turmoil in risk markets after the first rate hike and believe the USD/JPY is unlikely to rise unremittingly.’

“However, if multiple rate hikes appear likely in 2016, we believe the USD/JPY should gradually come into a range of 125-128.”
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Source:: FX Street