Good news puts CMC top with stable yen view
"We tempered our forecast for further yen strengthening as markets have proven to us that there is no such thing as uninterrupted reduction in risk appetite," said Ashraf Laidi, chief FX strategist at the online trading company in New York.
On November 23, the company predicted both USD/JPY and EUR/JPY would remain virtually unchanged from current spot rates. Its three-month forecast had the yen trading at 107 and 160.5 respectively - almost hitting a bullseye on last Monday's spot rates of 107
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