Bloomberg (December 1)
2015/ 12/ 01 by jd in Global News
Not everyone is in line with the consensus view that the yen will weaken to 126 per dollar by the end of 2016. Among the most bullish, Morgan Stanley “expects Japan’s currency to strengthen to 115 against the greenback.” Factors behind this forecast include the historic weakness of the yen, the need for Japanese pension funds to repatriate money, improvement in Japan’s economy and a general overestimation of the BOJ’s commitment to monetary easing.
Tags: Bullish, Consensus view, Dollar, Economy, Japan, Monetary easing, Morgan Stanley, Pension funds, Yen
