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Car maker Honda sees as weaker JPY exchange rate

FXStreet (Mumbai) - Japanese car giant Honda now assumes the USD/JPY rate at 118.00 for the financial year 2015-16, compared to the previously assumed rate of 115.00.

The upward revision of the exchange rate is hardly surprising, given the renewed talk of the December Fed rate hike. The USD/JPY pair is currently trades around 121.00 levels.

Fed is going to hike in December - Rabobank

Philip Marey, Research Analyst at Rabobank, suggests that the US economy is close to the Fed’s finish line, and that it will take more evidence of a negative impact from global developments on the US economy to convince the majority in the FOMC to delay the first rate hike to next year. If this evidence does not arrive, the Fed is going to hike in December, the analyst further adds.
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EUR/JPY dips to lows around 132.50

The better tone from the Japanese currency is now dragging EUR/JPY to test fresh lows in the mid-132.00s so far...
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