Friday, June 26, 2009

BTMU: yen will continue to weaken

Japanese Yen in the last couple of weeks, a few managed to add in the price against the currencies of major trading partners, but in general, the achievement of the bulls were quite limited, and currency strategists Bank of Tokyo - Mitsubishi UFJ sees risks resume falling. The bank noted that the dominant trend is bear, and in favor of conservation says that the important factor, as investment capital flows. While Japanese assets enjoyed relatively limited demand, the Japanese investors continue to invest abroad, and BTMU believe that, while maintaining the appetite for risk in the coming months they will continue to show interest in the assets with attractive returns. The bank also noted that the weakening of the yen is likely to be less pronounced in the pair with the dollar and more vivid in pairs with other currencies.

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