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.
(Market News Provided by FXstreet)