Japanese Yen
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…
Central banks shy away from euro reserves
New data from the IMF’s currency reserves database suggests reserves accumulation has slowed during 2011 and the appetite to hold euro reserves has also waned, particularly on the part of emerging market central banks
Prediction of yen stagnation puts UBS on top
Accurate view on USD/JPY lands Swiss bank at the top of the one-month forecast rankings
Corporates cover their backs with longer-dated options
Corporate hedgers buy longer-dated options amid increased volatility in foreign exchange markets, say market participants
Trading like it’s 2008
Foreign exchange markets in 2011 continue to show parallels to 2008, but the economy is unlikely to slip back into recession and Asian currencies look set to benefit from broad-based US dollar selling. Callum Henderson looks at the key similarities…
View from a global head of FX
Tim Carrington, global head of FX at Royal Bank of Scotland, talks to Farah Khalique about the exceptionally poor liquidity in FX markets in recent weeks and why he remains bearish on the US dollar but bullish on sterling and the yen
Westpac: no end in sight for yen strength
Westpac tops the three-month rankings after it predicted the yen would strengthen during July and August
Japan’s new leverage limit will hurt carry trade, says Glenn Stevens
Japan FSA's 25:1 leverage limit implemented on August 1 could kill the popularity of the carry trade for retail investors, says Gain Capital's chief executive
Spotlight on: Glenn Stevens, Gain Capital
The retail broker’s chief executive talks to Farah Khalique about the changing nature of retail foreign exchange, the advent of tighter leverage limits in the US and Japan, and Gain Capital’s recent acquisition of dbFX from Deutsche Bank
Scotia Capital goes bearish on sterling
Canadian bank anticipated a fall in cable during the second quarter, landing it at the top of the three-month forecast rankings
Banks and ECNs join forces to prevent FX flash crash
Citi, JP Morgan and Morgan Stanley join Deutsche Bank on Traiana's enhanced CreditLink service
RBC takes issue with yen weakness
Canadian bank predicted USD/JPY would go down rather than up, landing it at the top of one-month forecast rankings
Crédit Agricole’s euro view turns from bull to bear
French bank accurately predicted euro would not plummet over the past month, but turns bearish over the next year
GFT hits top with 12-month euro-yen prediction
GFT's accuracy on EUR/JPY and GBP/USD put it at the top of 12-month forecast rankings
Scotia Capital wins after calling time on euro appreciation
Canadian bank predicted ECB rate hike would halt the upward trend of the euro against the dollar and the yen
Sanity check on the value of emerging markets
April in perspective: investors and managers appear to have become more averse to the risk posed by emerging market currencies after volatility struck in March
Spotlight on: Thanos Papasavvas, Investec Asset Management
The head of currency management at Investec Asset Management talks to Joel Clark about the firm’s focus on institutional investors and its expectations for the euro, emerging market currencies and the yen
Thomson Reuters success hinged on bullish sterling stance
UK-based analysts predicted cable would rise to 1.63 during the first quarter, putting Thomson Reuters at the top of this week's three-month rankings
UBS adopts flexible approach to euro forecasts
Swiss bank adjusted forecasts during eurozone sovereign debt crisis to put it at the top of 12-month historical index
CIBC euro view based on expected ECB rate hike
The Canadian bank expects EUR/USD will fall back to 1.37 following ECB action as FX markets await outcome of Fed meeting at the end of April
The month that 2011 got interesting
March in perspective: an earthquake in Japan and soaring yen; Thomson Reuters Matching out for four hours; Icap moves to decimals on EBS; and what's the latest on Pure FX?
ANZ’s yen forecasts buoyed by G-7 intervention
Concerted intervention to weaken the yen brought yen pairs closer to the bank's predictions
Audio: ECB and BOJ face crisis
Nick Beecroft, senior markets consultant at Saxo Bank, discusses the challenges facing the European Central Bank and the Bank of Japan
Japanese disaster causes yen uncertainty
Strategists say it is difficult to predict the performance of the yen as uncertainty over the Japanese situation continues