USD/JPY: Danske Bank recommends going long on dips

Danske Bank estimates that the USD/JPY will attract buyers due to the Fed rate hike outlook.

"In the G10, the larger movements have been observed in the USD/JPY, while the GBP underperforms".

"We see an advantage in going long on the USD/JPY below 120 as it is expected to rebound before the Fed's first rate hike".

"As for Scandinavia, we are on the sidelines in terms of the EUR/SEK and EUR/NOK, which will remain unstable and without a trend ahead of tomorrow's Riksbank meeting. We expect the EUR/SEK to continue to evolve within a range of 9.30 to 9.65".

"A lot of negatives have already been integrated into the NOK, but we are cautious in the bullish reversal for now, given the volatility of oil prices".