HSBC expects growth in the dollar / yen to 100.00 by the end of the year

Analysts said HSBC, by year-end pair dollar / yen may rise to a mark of 100.00 in the fading effect of optimism created by last month's elections in Japan. As noted in the bank, fundamentals have remained the same - domestic demand is still low, and current-account surplus extremely small. The bank believed that the Japanese yen could again become the currency of the financing transactions with other currencies, as interest rates in Japan are likely to remain low for a long time. Thus, first a rollback in the pair dollar / yen, and then grow other crosses with the Japanese currency - the euro / yen, and others. At the moment pair dollar / yen is trading at 91.40, the euro / yen - at around 135.00.