USD/JPY: Dollar will reach 105.00 in the 3Q, says CIBC

FXStreet Team FXStreet

FXstreet.com (Barcelona) - Dollar recovery from 87.00 low on Jan 21 will reach its highest level on the third quarter of the year at prices around 105.00, according to CIBC World Markets.

USD/JPY will reach average levels around 100.00 in the second quarter of the year to reach a maximum average at 105.00 during the third quarter of the year, and drop towards 97.00 on the last quarter of 2009.

For next year, CIBC World markets project the Dollar trading around 95.00 in the first quarter and around 90.00 in the second quarter.

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