Yen to fall as FM Fujii won't tolerate strong currency: UBS

“Having already changed his view on the yen against the dollar since becoming finance minister, we think Fujii and his adviser Gyohten will not tolerate much further upside in the yen,” Gareth Berry, a UBS analyst in Singapore, wrote Monday in a note to clients. “Coupled with concerns about the sustainability of Japan fiscal position we prefer to be buyers rather than sellers of dollar-yen at current levels.”

Subscribe to The China Post and save 25%. Click here

SharePrintEmail

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

Submit

 Receive China Post promos
 Respond to this email