Japanese Yen
Chart-topping CMC goes against the grain on yen
Strategists at CMC Markets took an accurate view on the long-term direction of two major safe-haven currencies in 2011, landing the firm top in the 12-month forecast rankings
LTRO-based euro forecast pays off for Wells Fargo
The US bank predicted a very moderate fall in eurodollar by early March as a result of the second longer-term refinancing operation, landing it at the top of the one-month rankings
Market divided on sustainability of yen slump
Barclays Capital has revised its USD/JPY forecasts upwards, but other banks believe the recent fall of the yen will turn out to be a short-lived trend
FX Invest Europe: Developed market currencies still important despite EM buzz
The recovery of major economies will be crucial to the profitability of FX markets, despite the greater returns to be generated from emerging market currencies, according to conference speakers
Nomura's moderate take on euro fall proves accurate
The Japanese bank tops this week's three-month rankings, having forecast accurately on both EUR/USD and USD/JPY
LTRO has jump-started currency investors out of risk aversion, says Pimco
Currency investors appear to have moved away from risk aversion and become more interested in high-yielding EM currencies as a result of the ECB’s refinancing operation, according to Pimco’s head of FX
Euro decline will accelerate in 2012, says Rabobank
Having forecast eurodollar to fall only moderately by now – a view that lands it at the top of the three-month rankings – Rabobank now expects a sharper fall
Thomson Reuters accurately pessimistic on US dollar strength during 2011
Strategists accurately predicted the US dollar would remain weak during 2011, driving strength in the Swiss franc and the yen
BAML: economic uncertainty favours yen
Bank of America Merrill Lynch tops the one-month forecasts with the view that the yen will remain strong in 2012
BMO’s three-month euro view on the money
Bank of Montreal tops three-month rankings after forecasting the euro would fall during Q4 of 2011
FXCM wins out with accurate medium-term euro view
Prediction that the euro would break out of its range during the fourth quarter lands FXCM at the top of the three-month forecast rankings
Banks dare to hope for calmer FX markets in 2012
Barclays Capital expects greater stability in the eurozone in Q1, but believes the euro will continue to depreciate
Best Banks 2011: Deutsche Bank and Citi top poll
Deutsche Bank is voted best bank overall for FX for the third successive year, but Citi and UBS have powered back up the rankings to claim second and third place
Citi proves trading mettle in tough year for spot
Citi picks up six awards this year and climbs into second position overall, having effectively navigated the volatility that resulted from intervention in the yen and the Swiss franc
Barclays Capital maintains FX lead in the UK
Despite dropping two places in the overall rankings, Barclays Capital has maintained its leading position in the London market as well as in GBP/USD, EUR/GBP and e-trading
Why the consensus is wrong on USD/JPY
RBC Capital Markets has taken a contrarian view on the yen for several years, predicting it would strengthen against the US dollar while the consensus forecast was for yen strength. After the bank’s contrarian view has proved accurate, Adam Cole argues…
Intervention won't weaken the yen, says Morgan Stanley
Strategists at the US bank took a view in October that the yen would continue to strengthen, landing it at the top of the one-month forecast rankings
Standing out from the crowd with forecast of yen strength
RBC Capital Markets scoops all three forecast awards on USD/JPY after taking an accurate view that the consensus forecast of yen weakness was not supported by fundamentals
Spotlight on: Collin Crownover, SSgA
State Street Global Advisors’ head of currency management talks to Joel Clark about investor appetite for G-10 and emerging market currencies, and how his global team has managed the volatility and political uncertainty that has characterised the foreign…
Japanese corporates count costs of further yen strength
Japanese companies have been hit hard by the strength of the yen and are now revising down their profit forecasts in anticipation of further appreciation
Yen expected to remain weak as long as Greek package is implemented
Foreign exchange strategists and traders have judged this week's Japanese intervention a success in weakening the yen, and believe USD/JPY should remain higher as long as the eurozone crisis doesn’t spiral out of control and spark a flight back to the…
FX Invest Middle East: Volatility is tough and unsustainable, say managers
Delegates at FX Invest conference in Dubai discuss Japanese intervention, the value of emerging market currencies and their outlook on volatility
Contrarian long-term view on yen strength lands ANZ on top
Australian bank predicted in October 2010 that USD/JPY would fall to 75, accurately reflecting the unwavering strength of the yen in 2011
Fighting a losing battle on yen strength
Despite repeated intervention by the Bank of Japan over the past year, the yen remains stronger than ever, with USD/JPY struggling to break above 77. Derek Halpenny analyses the three episodes of intervention and related data to explain why intervention…