This May Be the Year Japan's Yen Finally Reclaims 100 Per Dollar
- Deutsche Bank is targeting 100 per dollar by end of 2019
- Global growth slowdown and dovish Fed the vital ingredients
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Fund managers are warming to the idea of the yen strengthening as far as 100 per dollar, but only if there’s a global economic downturn.
The yen started the year with a bang, rallying close to 4 percent versus the dollar in a flash move in thin holiday trading last week, and the market sees room for further gains. Deutsche Bank AG has issued a year-end target of 100 per dollar, a level last touched in 2016, while Russell Investments Ltd and Credit Agricole SA see that reached in 2020.