Volatility in the Chinese financial markets in recent weeks, investors turned to the yen, which gave boost to the yen and it rose against its major competitors.
Analysts say the yen is considered in these troubled days as an island of security, however, banks do not have the same opinion about the course of the couple JPY / USD.
Estimates of some of the banks are in the range of 110 to 137 yen per dollar for a period of one year.
E.Dimitrov JrTrader
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