Yuan ; Yen Forecast Summary by JP Morgan , Goldman Sachs

*Yuan ; Yen Forecast Summary by JP Morgan , Goldman Sachs*

> JPMorgan forecasts the yuan at 7.05 per dollar next month, against a previous call of 6.90. The bank projects a further drop to 7.10 by year-end and 7.15 by March.

> Goldman kept its own yuan call unchanged at 7.05 in its three-month forecast. The bank is expecting renewed gains, however, to 6.95 in six months.

> Goldman's yen forecast of 103 per dollar in three months is up from 107 before. It kept its six-month projection at 105. The yen is now about 106.62 per dollar.

Current Level

USDCNH : 6.9758
USDJPY : 106.30


Impact : Medium
Sentiment : Good for Gold , Bad For Dollar

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