Bank Analysts: 100 Yen Is Just The Beginning Of The Dollar.

< p > forecasters say that the 100 < a href= "http://sjfzxm.com/news/index_cj.as" > Japanese yen > /a "is just the beginning of the dollar.

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< p > according to the expected median of 14 banks surveyed by the media, bank analysts expect the US dollar to rise to 105 yen by the end of the year.

Last Friday, the yen continued to decline on Thursday and ended at $1 to 101.58 yen, the lowest level since October 2008.

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< p > the most radical shorts are expected to depreciate at least 10% this year.

German Commercial Bank (Commerzbank) gave a target of 115 yen at the end of the year, and Credit Suisse gave a target of 120 yen, the lowest level since July 2007.

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"P > Credit Suisse in New York," a href= "http://sjfzxm.com/news/index_s.asp" > "/a", strategist Alvise Marino said, "everyone used to think we were crazy, but this is not the same.

He expects the US dollar to rise to 120 yen as Japanese investors sell yen.

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According to weekly data released by Ministry of Finance, Japanese investors including pension funds and life insurers bought overseas bonds for the first time since the early March, according to the weekly data released by P of.

As the Bank of Japan is actively lowering interest rates to boost the domestic economy, it is expected that Japanese investors will throw Japanese government bonds and buy high-yield offshore bonds, which will put more pressure on the yen.

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< p > but not everyone is watching the Japanese yen.

For example, HSBC expects the yen to rise to $1 to 88 yen, which is the only non three digit year-end target position.

Daragh Maher, a G10 strategist at HSBC in London, said that although the current trend is contrary to the bank's expectations, the bank is still sticking to its original forecast.

He said the market had high expectations of the size of the funds outflow from Japan, and the short yen camp was overcrowded and there would be a pullback.

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< p > Maher said they acknowledged that the trend of the Japanese yen is absolutely negative at the moment, but they do not give up their position. No one can guarantee that there will be a large amount of capital escaping from Japan.

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Besides P, HSBC also has a more conservative view of the us a href= "http://sjfzxm.com/news/index_c.asp" economic recovery than the other banks, which is also a factor restricting the rise of the US dollar against the Japanese yen.

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