Apr 25 2016

Rate Range Projection by Bank

Next week 110.00 –112.50

Next 3 months 107.00 - 115.00

The below is a topic from market news

Yen drops on rate cut talk; oil climbs, stocks steady

The U.S. dollar rose to a three week high against the yen on Friday, on a report of likely further monetary policy easing from the Bank of Japan, while a rise in crude oil prices was offset by poor technology sector earnings, leaving Wall Street stocks steady.

The dollar rose more than 2.0 percent against the yen to 111.80 yen, its highest level since April 1 after a media report said the BOJ is considering expanding its negative rate policy to bank loans and could cut rates further.

A rise in oil prices helped energy stocks, but disappointing earnings from top technology companies, including Googles parent, Alphabet, weighed on the tech sector on Wall Street, leaving the U.S s benchmark S and P 500 stock index little changed for the day.

Oil prices rose and notched their third straight week of gains amid upbeat sentiment over the supply glut. Strong U.S. gasoline consumption and increasing signs of declining production around the world have underpinned the sector recently, traders said.

Brent crude ended up 1.3 percent at $45.11 a barrel, while U.S. crude CLc1 settled up 1.3 percent at $43.73.