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US dollar/Japanese yen analysis and forecasts: 20th August 2011
For comprehensive, professional daily analysis of all the major currencies, please see Daily analysis for full details.
Market analysis
The Japanese economy will remain extremely weak in the short term, but there will continue to be important yen protection on defensive grounds as global growth concerns increase. There will be pressure for further Bank of Japan intervention.
Forecasts:
| Currency | Spot (20-08) | 1-month forecast | 3-month forecast | 6-month forecast |
| US$/JPY | 76.6 | 75.0 | 78.0 | 88.0 |