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Next stop for dollar-yen: 120?
Dollar-yen rocketed to a seven-year high after the Bank of Japan stunned markets by expanding its quantitative easing program on Friday, and strategists say the pair has "a lot further to go." The U.S. dollar rose 0.4 percent to 112.76 yen on Monday, extending Friday's near 3 percent rally, leading many strategists to recalibrate their outlook for the pair. Khoon Goh, senior FX strategist at ANZ says dollar-yen could touch 115 by year-end and rise to 120 in 2015. Before the BoJ announcement, he didn't expect the pair to reach 115 until 2016. "The BoJ has made it clear that it is prepared to do whatever it takes. This ... (full story)
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If you do not know who you are, the Forex is the worst place to find you
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