Report

TOE Alert: Growing Number of Currency Traders See Yen Going to Y95-110 Per Dollar; Abe Aide Says Delay Consumption Tax

posted by Richard Katz on February 12, 2016

Found in Japan, categorized in Macro

Tags: Richard Katz TOE MOF Abe Japanese exchange rate

Report Cover

Headline

Meanwhile, the yen continues its gyrations as a growing number of investment banks predict that the Japanese currency will strengthen this year to anywhere from ¥95/$ to ¥110/$

Abstract

Key points:
Abe Advisor Honda calls for postponement of consumption tax hike
Investment bankers increasingly see yen moving to ¥95-110/$ during 2016
Even MOF intervention seen as creating only temporary interruption in yen rise
Separating out the fundamental and technical factors

About Richard Katz

Richard Katz

Richard Katz is Editor of The Oriental Economist Report, a monthly newsletter on Japan, as well as the semi-weekly TOE Alert e-mail service on Japan, and is also a special correspondent at Weekly Toyo Keizai, a leading Japanese business weekly.

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