------Original Message------ From: MeLinda MeLisa Sender: [email protected] To: [email protected] ReplyTo: [email protected] Subject: [StockForex] JPMorgan&Chase: dollar will fall to 75 yen in 2011 Sent: Nov 19, 2010 2:49 PM
JPMorgan&Chase: dollar will fall to 75 yen in 2011 Analysts at JPMorgan & Chase Co. are sure that the Federal Reserve’s monetary easing policy is making US dollar the world’s “weakest currency”. The specialists expect that the greenback will fall to 75 yen in 2011. The lowest level of the pair USD/JPY was hit at 79.75 yen in April 1995. The minimal rate since then was at 80.22 yen on November 1. US, Japanese and European central banks will keep rates next year at the minimal levels in order to spur the growth of their economies, while the Fed is likely to take additional easing steps following the $600 billion bond-purchase program announced this month depending on inflation and the labor market. "JPMorgan strategists also reminded that the United States has the world’s largest current-account deficit". Even if the US prolongs easing it won’t increase inflationary pressures as the balance sheets of banks and households are still damaged by the global financial crisis. According to JPMorgan, 10-year Treasury yields may drop from 2.89% today to 2.25% over the next year and their premium over similar-maturity Japanese yields won’t widen. Loose policy of the key central banks flooding the market with extra liquidity will correspond to 3% advance of the global economy in 2011 as it happened in 2004-2004 when stocks and commodities surged on improving risk appetite and dollar lost 25% versus yen. The rebound of the world’s economy encouraging risk sentiment will make investors reduce their demand for Japanese currency that will decline against other currencies beside the dollar to levels last seen in early 2007. The analysts also believe that Japan’s monetary authorities won’t intervene again at the currency market as it did on September 15 when the national currency rose to 15-year maximum even if yen appreciates versus US dollar due to the international criticism of foreign-exchange intervention. SOURCE: http://marketpin.blogspot.com/ ------------------------------------ ## StockForex ## _________________ ::Forum:: All about Forex and Stock Trading ; all currency pairs. All Major World Indices, Asian Stock Index. and Individual/single stock. We're not goin' anywhere Well, it's all right here. Enjoy it !! :) _________________ http://finance.groups.yahoo.com/group/StockForex Yahoo! Groups Links Sent from my BlackBerry® ------------------------------------ Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. SEMUA POSTING DI MILIS INI TANGGUNG JAWAB PENGIRIM EMAIL DAN BUKAN ADMIN MILIS. SEMUA POSTING DI MILIS INI BUKAN UNTUK MENGAJAK MEMBELI ATAU MENJUAL EFEK. SETIAP KEPUTUSAN INVESTASI MENJADI TANGGUNG JAWAB PIHAK PEMILIK INVESTASI ATAU PEMILIK MODAL. [email protected] untuk berhenti dari milis saham [email protected] untuk bergabung ke milis saham Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/saham/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/saham/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
