Barclays PLC (LON: BARC) believes in Japan as shares rises up in the price

Barclays PLC does not believe in the dollar

In brief: Barclays PLC (LON: BARC) shares continue to trade in the green zone on the background of the bank's successful investment in the Japanese currency.

Barclays PLC (LON: BARC) is the banking sector leader in the UK stock market trading. Barclays (LON: BARC) shares came close to 313.50 points, gaining +3.95 (1.28%).

Barclays Bank Plc, the third largest trading on the currency market the bank has lowered forecasts for the U.S. dollar against the yen in the year following the lowering of the forecast U.S. Treasury bond yield. According to the forecast, the U.S. dollar will fall to 83 yen in the next month, significantly below the previous forecast of 90 yen. U.S. currency will trade at around 87 yen after 3 months, against the forecast of 94 yen. After 12 months, the currency pair will trade at around 92 yen per dollar, previously quoted figure of 98 yen per dollar.

Anrey Torbinski
2010-08-13 11:11, Currency news.

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