SEB tops one-month table with contrarian yen view
SEB has topped this week's one-month currency forecast rankings by going against market consensus on the yen, predicting that the Bank of Japan’s (BoJ) policy announcements this month would find favour with investors and weaken the currency further.
On March 8, when USD/JPY was trading at 95.63, the consensus view was that the pair would strengthen over the following month to 91.25. SEB forecast the opposite, predicting the yen would weaken against the dollar to 97. This proved accurate, as the
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