Dow Jones reports.
Sees EUR/USD at 1.3000 in 1 month, up from previous 1.2000
Sees EUR/USD at 1.25oo in 3 months, up from previous 1.1500
Also raises 3 month USD/JPY forecast to 77.00 from previous 75.00.
Oh well.
Bank cites diminished short-term risks. Danger of funding hardships at European banks eased by ECB’s LTRO operations, and risk of a disorderly Greek default also decreased.