Standard Bank's Barrow Advises Investors to Purchase Dollars Against Yen

Investors should buy the dollar against the yen, speculating the U.S. currency will appreciate to 83.40 yen, Standard Bank Plc said.

Investors should end the trade should the dollar weaken to 79.60 yen, Steve Barrow, Standard Bank’s head of research for Group-of-10 currencies in London, wrote today in an e-mailed note.

The dollar weakened 0.5 percent to 81.33 yen as of 11:31 a.m. in London.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.