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17 Sep 2013
Flash: Yen to weaken further - BTMU
FXstreet.com (London) - Lee Hardman, strategist at The Bank of Tokyo-Mitsubishi UFJ eye's the yen to weaken further.
Key Quotes:
“The yen is likely to weaken further as the global economy accelerates in 2014 with a synchronised economic recovery already underway in the euro-zone, UK, the US, Japan, and China. Export growth rebounded in August
in South Korea, Taiwan, and China”.
“However, the news was less favourable overnight from Singapore whose non-oil domestic exports contracted sharply
by an annual rate of 6.2% in August. Elsewhere, Japanese Prime Minister Abe was speaking overnight at an investor conference and displayed a very bullish outlook for Japan stating it is “now clearly a buy””.
Key Quotes:
“The yen is likely to weaken further as the global economy accelerates in 2014 with a synchronised economic recovery already underway in the euro-zone, UK, the US, Japan, and China. Export growth rebounded in August
in South Korea, Taiwan, and China”.
“However, the news was less favourable overnight from Singapore whose non-oil domestic exports contracted sharply
by an annual rate of 6.2% in August. Elsewhere, Japanese Prime Minister Abe was speaking overnight at an investor conference and displayed a very bullish outlook for Japan stating it is “now clearly a buy””.