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About LinkBacksAnalysts at Canadian Imperial Bank of Commerce expect that US dollar will begin strengthening versus Japanese yen from the middle of the year. In their view, by then US economic outlook improves and the Federal Reserve will start regarding the possibility of tightening its monetary policy.
According to CIBC, the pair USD/JPY will climb to 87.00 area in the second quarter, then rise to 88.00 in the third quarter and end 2011 at 89.00.
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03-01-2011, 11:54 AM #1
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FBS Holdings: USD/JPY will rise to 89.00 by the year-end (CIBC)
FBS Holdings Inc. is an international brokerage company that provides its clients with access to world financial markets – forex, CFD, futures.
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