Excerpt from: Forex Forecast
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| November 09, 2007 | | Currency trading and dollar/yen | Currency trading with dollar/yen should consider that the forex forecast for the Japanese yen is looking better and better. Some forex analysts expect the yen to reach 100 a dollar by the end of next year as a slowing global economy leads to safer investments and trades, diminishing demand for the yen carry trade. Bloomberg reports on the forex forecast for the Japanese yen:
``In our view, the yen is certainly undervalued,'' said
Koji Fukaya, senior currency strategist at Deutsche Securities,
the Tokyo unit of Deutsche Bank, the world's largest currency
trader. ``The tightening credit market will weigh on the yen
carry trade.'' | Topic Tags: currency trading, dollar/yen, forex analysts, forex forecast, forex forecast Japanese yen, Japanese yen, Japanese yen 100 a dollar, yen carry trade | |
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