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BOJ Easing Could Drop Yen to 105

Posted by Joseph Trevisani on Apr 10, 2013 2:08:00 PM

A Nikkei News story for Thursday says the BOJ's monetary easing could propel dollar/yen as high as 105-107 and the Nikkei 225 to at least 15,000 this fiscal year, citing a survey of market experts taken by Nikkei News. In FX, 60% see scope for a 105-Y107 dollar-yen, which looks for a yen far weaker than the 95-Y100 yen mentioned as desirable by 30% of business heads in another Nikkei survey taken Tuesday.

Dollar-yen holds at 99.72 currently (high earlier at 99.82) and the Nikkei 225 closed at 13,288.13 Wednesday.

 

Market News International and WorldWideMarkets

 

Chart: Bloomberg

ScreenHunter 930 Apr. 10 14.18

 

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