Thursday, August 11, 2011

UBS: monthly targets for USD/JPY

Technical analysts at UBS believe that during the next few months the greenback will be recovering from the current minimum versus Japanese yen close to the record low in the 76.25 area.

In their view, US currency will be helped by the risk of Japan’s currency interventions.

The specialists say that the pair USD/JPY will rise to 85.00 in a month and to 90.00 in 3 months.

daily usdjpy 16-25
Chart. Daily USD/JPY

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