Tuesday, September 29, 2009

UBS revised its outlook on the dollar / yen

UBS has revised one-month and three-month forecasts for the U.S. dollar against the Japanese yen. According to analysts of foreign exchange bank, one month U.S. dollar falls against the currency of Japan, to 85 yen per dollar, and after three months will be restored to the level of 90 yen per dollar. At the moment the U.S. dollar against the Japanese yen traded at 89.84.

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