UBS analysts believe that the reduction rate of the ECB and the Bank, the announcement of innovative measures will have a mixed impact on the euro / dollar, while the crosses with the single currency may perceive this as an occasion for growth. "However, given the high degree of uncertainty of price dynamics, we are of the Bear forecast for euro / dollar, and we continue to sell the euro / yen from the 131.70 level," - said the bank. "Our outlook for the yen also remains unchanged. We believe that the Japanese stock market will overtake the others, that will support the yen."
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