projected dollar to yen conversion forecast 2011

projected dollar to yen conversion forecast 2011 ; The Dollar Yen exchange rate is 0.318% higher with 1 USD = 85.2000 JPY. "We raised our long-term USD JPY forecasts, and now see the pair at 90 at end-2011. The previous year end 2011 level was 85. USD JPY is called at 100 at end-2012. It was previously set at 90," say UBS in a morning foreign exchange note.

Yen Declines as Gain in Stocks, U.S. Retail Sales Supports Demand for Risk
The yen dropped against all of its major counterparts as global stocks advanced and a government report showed U.S. retail sales rose for a ninth month, encouraging investors to seek higher yields. Read More...

Yen jumps, Aussie tumbles as speculators cut positions
The yen rose sharply on Tuesday and was the biggest gainer among major currencies over the past 24 hours as profit-taking on bets against it gathered momentum after Japanese authorities upgraded the nuclear crisis to a par with Chernobyl and several strong aftershocks hit Japan. Read More...

Stocks Gain on Economy, Earnings Optimism; Bonds, Yen Retreat
Stocks climbed, with the Standard & Poor’s 500 Index snapping its longest losing streak since November, as U.S. retail sales and European factory output increased and optimism grew about technology company earnings. Commodities rose, while the yen and Treasuries fell. Read More...

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