Yen drop buoys UniCredit to first place
Bearish yen call pays off for Italian dealer
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UniCredit won last week's three-month currency forecast with an on-target euro view against the yen, as the Italian bank correctly anticipated the single currency would rally to the 135 level over three months, from 129 in April.
A close call was also made on USD/JPY, with UniCredit predicting its rise above the 120 level, where the pair traded for more than five months. The greenback is currently at 124 against the yen.
Negative on the yen"We remain relatively
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