Bank of Tokyo-Mitsubishi UFJ predicts a strengthening of the yen

Exchange rate yen stabilizes

In brief: Exchange rate yen will continue strong growth analysts say Bank of Tokyo-Mitsubishi UFJ.

Exchange rate yen remains stable last few days. Foreign exchange analysts Bank of Tokyo-Mitsubishi UFJ believe that the yen will likely continue to gain position against other major currencies against the backdrop of the ongoing debt crisis in Europe and the concern that the recovery of the global economy slows.

Revision of risky assets in a downward just begun, and thus should provide an opportunity for the yen and other currencies of refuge to continue its consolidation. Meanwhile, the dollar / yen rose to 87.47 against the region of interest in the pair from the official account, presumably the Fed or the Bank of Japan.

Ukrainian Globalist
2010-07-01 16:04, Currency news.

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