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.
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