Barclays wins with forecast of yen weakness
Barclays has topped this week's one-month currency forecast rankings with an accurate prediction in late October that the yen would weaken substantially ahead of expected Japanese elections in December that could lead to changes in monetary policy, particularly if the Liberal Democratic Party (LDP) comes to power.
On October 26, with USD/JPY and EUR/JPY trading at 79.89 and 103.10 respectively, Barclays forecast the two pairs would rise to 81 and 107 in a month's time. On November 26, USD/JPY
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