Analysts at Barclays Capital raised their forecasts for Japanese yen:

3 months: from 85 to 82 yen per dollar;

6 months: from 86 to 83 yen per dollar;

12 months: from 90 to 85 yen per dollar.

The specialists note that Japan’s current-account surplus remains large, while net private capital outflows may decline. According to Barclays Capital, yen will begin weakening only from the third quarter and it will happen more slowly than expected before.



Chart. Daily USD/JPY