Wednesday, July 1, 2009

UniCredit: restoration of the world economy will pressure the yen

UniCredit analysts recommend that in the medium term to sell yen on the increase. The Bank believes that as long as doubts persist about the recovery of world economy and the market is dominated by trends in the care of the risk, the Japanese currency has advantages, as the best currency financing. In the case of improvement in the global economy and the growth of interest in the yen would be at risk of pressure. Now a pair of dollar / yen is at around 96.86.

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