Danske Bank - "USD/JPY has overnight traded above 80.00 for the first time in three months on rising speculation that Bank of Japan will step up its easing of monetary policy to keep up with the Fed's open ended easing and in the wake of the weakening of the Japanese economy seen lately. We forecast that USD/JPY will continue to go higher over the next couple of quarters and trade at 82 on a three to six months' horizon.(...)
In EUR/USD strong support is from a technical point of view seen at 1.3005 and very strong resistance is seen at 1.3180 at the May 3rd/September 17 highs. We continue to see upside for EUR/USD (3M target 1.35) and expect that a formal request from Spain will be the next big trigger for a move higher in EUR/USD."