Tokyo-Mitsubishi UFJ

Mitsubishi UFJ Morgan Stanley has upgraded Honda Motor Company (NYSE: HMC) (TYO: 7267) from Neutral to Outperform.

A day before the end of the year, the US dollar hit a two-month high of 92.26 yen. The movement of the greenback reflected the recent strength it had developed after market sentiments surrounding the outlook of US interest rates changed. The forex market now seems to be on the lookout for a...