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Top Yen Forecaster Predicts 147 Per Dollar as Rate Gap Narrows
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Top Yen Forecaster Predicts 147 Per Dollar as Rate Gap Narrows Neil Parker has spent nearly three decades tracking the yen, through financial crises and sharp currency swings. Now, the top dollar-yen forecaster in Bloomberg’s latest rankings sees the Japanese currency rallying toward 147 per dollar next year as Japan’s interest-rate gap with the US narrows. His call puts him at the bullish end of a deeply divided market.
Top Yen Forecaster Predicts 147 Per Dollar as Rate Gap Narrows
Neil Parker has spent nearly three decades tracking the yen, through financial crises and sharp currency swings. Now, the top dollar-yen forecaster in Bloomberg’s latest rankings sees the Japanese currency rallying toward 147 per dollar next year as Japan’s interest-rate gap with the US narrows.
His call puts him at the bullish end of a deeply divided market. While Parker sees the yen strengthening to around 155 by year-end before appreciating further, Bloomberg’s top forecaster in the previous quarter sees it weakening as far as 170 next year.