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 dollar may stop declining at about 81 yen before it rebounds toward 84 yen, according to Citigroup Inc., citing trading patterns.
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’s advance versus the yen may stall, Citigroup Inc. said, citing declines in its relative strength index.
The dollar rose against the euro for a third week, the longest rally since July, as policy divergence with Europe outweighed conflicting commentary by U.S. officials and jobs data that failed to meet traders’ expectations.
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 amount of yen repatriated by Japan’s investors and companies in the aftermath of the nation’s worst earthquake on record won’t be as large as some analysts estimate, according to Citigroup Inc.
"We believe the BOJ will have to implement additional monetary easing to limit the tax hike's impact."
- Osamu Takashima on Apr 03, 2014