adridado
04-29-2005, 04:23 AM
The latest press remarks are very important and there's currently a likelihood that the government will proceed to modify the yuan regime. The likely outcome is a widening of the trading group, possibly to approximately 5.0%. The change might be merged into some basket with a switch. Under this situation, the yen can fortify to 102.5 from the US money with overall Asian currency appreciation. The dollar may weaken to approximately 7.80 from the yuan. The dollar might be exposed to selling pressure, as underlying pressure could facilitate on the Euro however, the Euro would not gain.
The yen strengthened although Tokyo markets were closed for a vaion. The yen extended profits to 105.1 from the dollar in ancient Europe, primarily because of intense speculation on a yuan policy change.
Remarks have fuelled the speculation on a yuan revaluation from a country run paper. The Securities Journal said that, after reforms of currency market and the banking industry, states were ripe for a policy shift. The markets are also closed that will raise the beauty of creating a policy shift, from a perspective. The fact raised the rumours that the yuan traded out its trading group. The remarks follow a flurry of reform signs over the previous two weeks. All in all, the probabilities of a yuan policy shift during the next week are currently around 50 percent having the most likely result a wider trading group, possibly of about 5.0%.
There's very likely to be bookings over short yen positions within the weekend on account of the chance that China will declare a shift in exchange rate policy. Support will be offered by this speculation into the money because there are a number of short yen positions.
Analysis provided by http://www.investica.co.uk
The yen strengthened although Tokyo markets were closed for a vaion. The yen extended profits to 105.1 from the dollar in ancient Europe, primarily because of intense speculation on a yuan policy change.
Remarks have fuelled the speculation on a yuan revaluation from a country run paper. The Securities Journal said that, after reforms of currency market and the banking industry, states were ripe for a policy shift. The markets are also closed that will raise the beauty of creating a policy shift, from a perspective. The fact raised the rumours that the yuan traded out its trading group. The remarks follow a flurry of reform signs over the previous two weeks. All in all, the probabilities of a yuan policy shift during the next week are currently around 50 percent having the most likely result a wider trading group, possibly of about 5.0%.
There's very likely to be bookings over short yen positions within the weekend on account of the chance that China will declare a shift in exchange rate policy. Support will be offered by this speculation into the money because there are a number of short yen positions.
Analysis provided by http://www.investica.co.uk