Accurate yen view lands Nomura and 4Cast in dead heat

Dollar-yen-14-11-11

Nomura and 4Cast have jointly topped this week's one-month currency forecast rankings after correctly anticipating that Japanese authorities would intervene to stem the appreciation of the yen, as they did on October 31, bringing USD/JPY back from record low levels.

On October 7, Nomura predicted USD/JPY would rise from 76.65 to 78 in a month's time, while 4Cast expected a rise to 77.5. Both forecasts proved accurate, with USD/JPY trading at 78.01 on November 7, just a week after the

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