Monday, September 21, 2009

Deutsche Bank expects lower dollar / yen by the end of the year

Dollar / yen today has demonstrated exceptional growth, but currency strategist at Deutsche Bank believe that the medium-term couples are not good, and the remainder of this year, the dollar / yen may rapidly deteriorate. Given the relatively tight monetary policy in Japan compared to unattractive levels of profitability in the U.S., bank analysts predict a decline of U.S. currency to a mark of 85 or even 80 yen per dollar. The bank also reported a low probability of currency intervention by the Bank of Japan. Pair dollar / yen is currently traded at 92.05.

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