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"Japan's trade surplus is expected to shrink, which could scale down fundamental upward pressure on the currency.gucci sandals But in the near term, a lot of moves have been driven by speculative flows and it may have moved too fast and now may be the time for the market to cool down." The dollar stood at 85.47 yen , having risen as high as 85.54 earlier,christian louboutin sandals almost 10 yen above its record low of 76.25 yen hit in March, days after Japan's earthquake. "Fears that Japanese manufacturing will be 'hollowed out' by a stronger currency, the risk of further monetary easing by the Bank of Japan, a lack of compelling investment options at home for Japanese investors and the desire by local households to earn higher returns abroad should all weigh on the yen in 2011 and 2012,cheap shoes for women " UBS said in a note to clients. UBS raised its long-term dollar/yen forecast to 90 yen by the end of 2011 from 85, and 100 yen by the end of 2012 from 90.