Yen analysts see US growth outlook, rates driving currency
Tokyo
YEN analysts in Tokyo pretty much agree: the outlook for US economic growth and interest rates will determine where Japan's currency goes next year. And that's where the consensus ends.
As with US economists, Japanese currency strategists are divided on whether a strong American job market will propel inflationary pressures that finally send 10-year Treasury yields climbing. If they do, a widening US yield advantage is seen lifting the dollar.
Another year of disappointment would bring a stronger yen. A survey of nine forecasters by Bloomberg showed estimates ranging from 105 to 120 yen per US dollar for year-…
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