According to currency strategists Royal Bank of Scotland, this week, yen may strengthen to 4-month peak of 93 yen per dollar, as the growth trends in the care of the risk stimulates demand for the Japanese currency. The bank believes that higher credit spreads and the decline in the stock and commodity markets could result in an increase in the rate of departure from the risks as a result, investors will buy the U.S. dollar and Japanese yen by selling high-yield currencies. However, concern about the Fed decision on rates, which will be published tomorrow at 22:15 AM EDT, is not conducive to the strengthening of the dollar. In addition, the Fed may decide not to increase the volume of state purchases. bonds due to the fact that the growth yield on 10-year U.S. bonds is unlikely to significantly exceed 4%. At this time, a pair of dollar / yen is at a level of 95.15.
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