Monex Europe wins with dollar call
The FX firm is spot-on with 120 for USD/JPY
Monex Europe topped last week's 12-month forecasts with an on-target call on the appreciation of the dollar against the yen, along with two close projections on the decline of the euro and sterling against the greenback.
On October 3, 2014, with USD/JPY trading at 107.96, Monex Europe forecast the pair to rise to the 120 level in a year's time.
"The Japanese economy had a couple of important drivers that were falling apart," says Ranko Berich, head of market analysis at Monex Europe. "The April
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