Excerpt from: Forex Forecast
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| January 31, 2008 | | Japanese yen in currency trading | The yen forex trading forecast calls for an increase in the yen against the U.S. dollar as risk aversion rises on fears for the U.S. economy and slowed economic growth around the world. Yesterday's Fed rate cut only increased these chances. Bloomberg reports on the Japanese yen in currency trading:
``We have turned to a more bullish view for the yen,'' wrote
Sebastien Galy, a senior currency strategist at Dresdner
Kleinwort in a note to clients yesterday. ``There is a rising
possibility of a spike in global volatility by the end of the
summer, which could lead to a significant appreciation of the
yen.'' | Topic Tags: currency trading, economic growth, Fed rate cut, forex trading, forex trading forecast, Japanese yen currency trading, U.S. eocnomy, yen forex trading | |
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