Tuesday, July 7, 2009

Commerzbank does not preclude the reduction of euro / yen to 130 yen per euro

The resumption of the trends away from the risk contributed to the Japanese Yen has taken a leading position among 10 major currencies. According to analysts of Commerzbank, if the "green shoots" the restoration of the global economy once again dry up, not be ruled out reducing pair euro / yen below the 130 area. However, taking into account the negative projections of the dynamics of the Japanese state. bonds and corporate assets in the bank no doubt that Japanese investors will try to immediately take advantage of such a strengthening of the yen to increase purchases of foreign assets. The pair euro / yen at the moment is traded at 132.80.

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