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
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