After falling for area 79.40 in early Asian trading this morning, resumed the yen to appreciate against the U.S. dollar, prompting the pair USD / JPY retreat from some of the profits recorded since last Monday with increased risk appetite in the market driving currenciessafe haven for landing.
In the opinion of expert Camilla Sutton currency strategy at Scotia Bank to "continue to rise the difference between U.S. Treasury yields and Japanese for 10 years, following expectations concerning the decision of neutral powers to the Bank of Japan." Where Ttof Sutton to increase pressure rise on the pair on the background of the political situation that predict the possibility of a general election by the end of 2012 and the President may be more neutral for the Bank of Japan in 2013.
She added: "We expect to be directed to the pair USD / JPY level 80.00 by the end of this year, and level 87.00 by the end of 2013"
In the opinion of expert Camilla Sutton currency strategy at Scotia Bank to "continue to rise the difference between U.S. Treasury yields and Japanese for 10 years, following expectations concerning the decision of neutral powers to the Bank of Japan." Where Ttof Sutton to increase pressure rise on the pair on the background of the political situation that predict the possibility of a general election by the end of 2012 and the President may be more neutral for the Bank of Japan in 2013.
She added: "We expect to be directed to the pair USD / JPY level 80.00 by the end of this year, and level 87.00 by the end of 2013"
