City Index wins on stronger yen
The broker tops our one-year forecast tables with an on-target call on EUR/JPY
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A strengthening yen, weakening dollar and a dovish Fed are the major drivers of currency markets at the moment, according to James Chen, chief technical strategist at City Index, a daughter company of Gain Capital, which topped FX Week's one-year forecast table with an on-target call on EUR/JPY.
Despite its best attempts to prevent the yen from growing stronger through easing measures, the Bank of Japan's (BoJ) efforts have had little effect, says Chen. And, with the
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