Subdued US yields drive Wells Fargo to the top
Bank sees little short-term movement in USD
Wells Fargo topped last week's one-month currency forecast tables with the view that the widely anticipated rally in the dollar would remain on the back burner due to subdued Treasury yields.
The bank saw little room for a rally, despite the ongoing tapering of the Federal Reserve's quantitative easing programme and aggressive easing measures from all major central banks.
US Treasury yields led Wells Fargo to hold a broadly stable look for JPY/USD especially, trading at 101.91 in late May
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