The euro reached a four-month low versus the dollar as investors assessed whether Cyprus’s bailout signaled deeper private-sector losses in bank restucturings.
The yen fell against all its major peers as Bank of Japan Governor Haruhiko Kuroda outlined monetary easing options to achieve a 2 percent annual inflation goal in two years.
The dollar’s advance versus the yen may stall, Citigroup Inc. said, citing declines in its relative strength index.
The yen will weaken against the dollar as it bounces off a key resistance level, Citigroup Inc. said, citing Ichimoku cloud-chart analysis.
The dollar will fail to strengthen beyond 100 yen until next year as it will take time for the U.S. interest-rate advantage to widen enough to lure investors, according to Citigroup Inc.
The yen may reach its strongest level against the euro since 2000 if it breaches a key level it’s approaching, according to Citigroup Inc., citing ichimoku- cloud chart analysis.
The yen will weaken more than previously forecast versus the dollar this quarter as Japanese Prime Minister Shinzo Abe pushes for drastic monetary stimulus, according to Citigroup Inc.
The dollar may stop declining at about 81 yen before it rebounds toward 84 yen, according to Citigroup Inc., citing trading patterns.
Japan’s economy shrank almost 10 percent in the half decade since Shinzo Abe was last prime minister, as a soaring yen hollowed out manufacturing. Abe’s return may be exporters’ best chance yet to halt the damage.
Japan’s Ministry of Finance is back.
"Life insurers' risk tolerance is increasing."
- Osamu Takashima on Apr 17, 2013