Yen bears
Article Abstract:
Goldman Sachs is optimistic about the performance of the US dollar against the Japanese yen in 2nd half 1995. Japan appears to be embarking on a more expansionist monetary route. Japan's trade surplus is growing smaller, measured in yens. Foreign bonds are apparently increasingly being bought by Japanese financial institutions. US interest rates are likely to move higher than those in Japan. The official discount rate in Japan is likely to be reduced by the central bank due to the weakness of the Japanese economy.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Dollar bears come out of the woods
Article Abstract:
The US dollar has risen in relation to the Japanese yen in the nine months to Mar 1996. This has been due to a number of factors such as low Japanese interest rates, and a reduction in the trade imbalance between Japan and the US. The two currencies are seeing a stabilization of their relationship in Mar 1996, and it is less certain that the dollar will continue to rise. Japanese investors could start buying US shares at the start of the financial year, which would again push up the value of the dollar.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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US dollar: limited strength
Article Abstract:
PaineWebber sees the US dollar as likely to be stronger by year-end 1995. The finance ministry in Japan is selling Japanese yen, though the dollar will gain less against the German mark. This should change from the start of 1996 since weakening of a consumer boom will affect the German mark. The decline of the yen could halt in Mar 1996 when foreign bonds are sold by Japanese investors prior to the end of the financial year. The yen may also benefit from elections in Jun 1996.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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