UBS predicts growth of dollar against the yen

Currency analysts at UBS put the growth of the U.S. dollar against the Japanese yen. As noted in the bank, since the achievement of 14-year low of 84.83 in late November in a pair of dollar / yen remains upward pressure, due to lower yields on short-term Japanese bonds after increasing the liquidity of the Bank of Japan and the growth yield on two-year U.S. bonds after the publication of exceeding the analysts' expectations of data on levels of employment in non-agricultural sector of the United States. Bank analysts believe that further increases the likelihood of spread is quite high, given that the Bank of Japan is unlikely to raise rates in 2010, and the United States can begin to tighten monetary policy in June. Based on these factors, banks prefer to buy the dollar / yen in anticipation of growth in the next couple years. At the moment pair dollar / yen is trading at around 88.45.