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Sony Corporation Message Board

  • apdamic apdamic Apr 10, 2013 4:21 PM Flag

    Yen closes in on Y100/$1.00, currently sitting at Y99.69 - forecast revised to Y120 by 12/2014!

    In a survey of 104 corporate leaders conducted by Nikkei, two-thirds of respondents predicted earnings improving at the yen’s current level.

    Also, nearly a third of the executives said they would prefer to see the yen at a range of ¥95 to ¥100 against the dollar, the Nikkei reported Wednesday.

    More than 90% of those surveyed also approved to some degree of the central bank’s latest monetary moves, according to the report.

    Analysts at UBS, who had previously expected the dollar to hit ¥100 by year-end, raised their forecast Wednesday to ¥110 and called for the dollar to trade at ¥120 by the end of 2014.

29.35+0.010(+0.03%)Jun 30 4:02 PMEDT