FXstreet.com (San Francisco) - The Japanese yen continues to weaken against the U.S. dollar and the greenback has jumped to its highest level since July 2011, reaching 80.95 at time of writing from 79.98 late Thursday in NY.
At current levels, USD/JPY is poised to end the day 1.2% higher and nearly 2% higher on the week. “I think Y80.95 in terms of a weekly close, then Y82.50, then we are off to the races,” comments Jim O’Neill, chairman of Goldman Sachs Asset Management in a recent interview with Dow Jones. He also said that the BoJ’s new QE actions cemented his call for the greenback to rally to Y100 or higher in the year ahead.
At current levels, USD/JPY is poised to end the day 1.2% higher and nearly 2% higher on the week. “I think Y80.95 in terms of a weekly close, then Y82.50, then we are off to the races,” comments Jim O’Neill, chairman of Goldman Sachs Asset Management in a recent interview with Dow Jones. He also said that the BoJ’s new QE actions cemented his call for the greenback to rally to Y100 or higher in the year ahead.
