# USD/JPY: More downside is likely - Nordea - Forex Crunch

> Nordea analysts say the Fed's large quantitative easing and possible yield curve control suggest US real rates could fall, pressuring USD/JPY toward 105. They also argue the market is moving out of the crisis phase, so other drivers may come to matter more. Their view is that USD/JPY is overshooting US real rates.

- Date: 2020-03-30 · published 2020-03-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/54352-usd-jpy-more-downside-is-likely-nordea-forex-crunch
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Lower US real rates and a weaker dollar against the yen are a currency-market view with little direct effect on feed commodities. Any shift in dollar strength could slightly change the competitiveness of US feed exports.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/03/30/usd-jpy-more-downside-is-likely-nordea/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.