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Japanese Yen Stronger Against Dollar in 2007 - Analysts -
01-13-2007, 12:16 PM
Analysts on average forecast a fall in the dollar to Y111 by the end of June 2007 and Y108 by the end of 2007, according to a survey by Dow Jones Newswires. That would be a fall of 8% from its current level and much larger than the 0.2 % fall in the dollar since the start of 2006.
On Dec. 15, the dollar was trading around Y118.2 1. Analysts continue to forecast a sharp rise in the yen despite being disappointed after making similar forecasts in the past.
Source: Shaw - Yen, Yuan Stronger in 2007
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