Some Analysts Forecast the Yen Going to ¥150 to the Dollar, Others Not so Sure
4 Articles
4 Articles
The Bank of Barclays warned against the decline of the Japanese yen to late levels of 150 against the dollar if Japan's bank's expectations of speeding up interest, or if Japan's pension funds were not going to increase its investment in domestic assets. The yen rose by about 4% during this September, recording its highest levels since February, backed by interest-raising projections next week, and speculation that the article .. . . . . . . . .…
UK bank Barclays believes that the rapid rise of the yen in recent days could result in a fall again after the 150 yen/dollar level. With reference to the bank's report, Banker.az reports that one of the main risks for this is that the Bank of Japan (central bank) does not raise interest rates faster than the market expects. Another risk is that Japan's pension funds do not focus their funds on domestic assets. According to Barclays strategists,…
Barclays Plc warned that the appreciation of the yen may not be sustainable if expectations regarding the Bank of Japan's (BOJ) interest rate hike process are not met. The institution stated that the dollar/yen...
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