Shanсe that the dollar / yen is below 75.50, has been steadily decreasing, while the tactical potential of growth to 80.00 in the coming weeks is growing, says Sebastian Ghali, a senior currency strategist at Societe Generale. He believes that the proposed motion may be due to a possible stabilization of the global economy. In the long term weakness of the yen becomes more likely, because Japan is looking for new ways to reduce its currency without having to call the negative rhetoric from the U.S. and Europe. This is indicated by the latest Japanese stimulus measures, such as, for example, credit lines for large banks to 43 billion dollars. Perhaps the Bank of Japan will make efforts to protect the support 75.50.Societe Generale recommends buying the dollar against the Japanese currency in depressions within 76.000/75.50 to at 80.00.
