Friday, December 9, 2016
Joined Nov 11, 2007
31,930 Blog Posts

Baran Targets 118 YEN USD

“The yen broke through the 100 dollar resistance level Friday and was trading at 101.63, its weakest level in more than 4 ½ years.

Now the question is will how low can it go. David Baran, co-founder of Tokyo-based hedge fund Symphony Financial Partners, says he doesn’t see the dollar stopping until 115 to 118 yen.

“Give it time, it will happen,” he tells The Wall Street Journal….”

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