Monday, February 8, 2010

BNY Mellon expects growth in the dollar / yen by the end of the year

According to analysts of foreign exchange Bank of New York Mellon, the U.S. currency in the pair with the Japanese yen may be traded at their lowest levels this year. Bank strategists believe that the pair will form a base near current levels and by the third quarter of this year will reach 100. As has been held in the bank, during the first quarter, the dollar / yen will trade in the region of 89.00. In the second quarter capacity will be small - in the bank expected that the pair will rise to the level of 90.00. But then the bank analysts predict a sharp rise in the dollar / yen: in the third and fourth quarter, believe in the bank, the couple will be traded near the level of 100.00. At the moment pair dollar / yen is at around 89.25.

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