DXY, USD/JPY: JP Morgan believes dollar will continue to rise, gives its targets

The widespread vigour of the dollar on the forex Last Friday increases the risk of an even more pronounced upward extension, says JP Morgan.

JP Morgan expects a test of 100.39, the March high.

"Possible corrective pullbacks are therefore dollar buying opportunities."

Regarding the USD/JPY, JPM notes that the short-term bullish phase continues to grow following the break of 121.75 last week. "A test of the highest of the August/June high is now likely. 122 will now act as a key support level that will maintain the bullish bias in place." JPM added.

DXY: