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Dec 19 2020, 1:59 AM
December 18 2020, 4:30 AM
December 19 2020, 1:59 AM
(Bloomberg) Wall Street and Japanâs largest banks are starting to see eye to eye on the yenâs outlook, saying its advance could break the barrier of 100 per dollar next year.
(Bloomberg) Wall Street and Japanâs largest banks are starting to see eye to eye on the yenâs outlook, saying its advance could break the barrier of 100 per dollar next year.
JPMorgan Chase & Co., Goldman Sachs Group Inc and BNP Paribas SA are all forecasting that Japanâs currency will hit the century mark for the first time in four years in 2021. Rarer still, domestic giants Mizuho Bank Ltd. and MUFG Bank Ltd. are joining them, with estimates that the yen could even push to 98, a level unseen since 2013.