Quotes from Danske Bank:
- Yellen's testimony and our view that the Fed will begin lift-off in June supports our call of a broadly stronger USD over the coming 3-6 months.
- In our view, the USD should strengthen as long as we are waiting for the first rate hike, particularly versus currencies which are backed by ultra-loose monetary policy, such as EUR, JPY, CHF and SEK.
- We forecast EUR/USD at 1.12 in 1M, 1.11 in 3M and 1.10 in 6M, with USD/JPY expected to shoot higher to 120 in 1M, 124 in 3M and 125 in 6M
