Thursday, October 1, 2009

BNP Paribas expects growth in the dollar / yen

As the currency analysts BNP Paribas, over the past few days there have been significant changes in the differentials in interest rates - now in Japan, again the lowest interest rates in the world. It should also take into account the fact that, according to the latest Taken report, the volume of planned investment declined again due to the strengthening Japanese currency. Thus, the bank's strategists believe that there is every reason to anticipate the growth of a pair of dollar / yen. The bank believes that the dollar / yen may rise to a mark of 91.10. At the moment pair dollar / yen is trading at 89.93.

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