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Forex Flash: USD/JPY range to be at 85-90 in 1Q 2013 - Bank of Tokyo-Mitsubishi UFJ

By FXstreet.com,  January 10, 2013, 10:19:00 PM EDT

FXstreet.com (Barcelona) - Going forward, Bank of Tokyo-Mitsubishi UFJ believes "the core range of the USD/JPY in 1Q and 4Q 2013 to be at the 85-90 level and in 2-3Q2013 to be at the 80-85 level based on effective exchange rates" the bank says.

The bank notes that "the foreign direct investment outflows will limit JPY appreciation risk, though the flows will not be a driving force of JPY depreciation..."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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