Bearish yen forecast puts CBA in top spot
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Commonwealth Bank of Australia (CBA) has topped this week's three-month currency forecast rankings, having taken the view in late March that Japan's dwindling current account surplus and loss of competitiveness to neighbouring Asian countries would lead to continuing weakness for the yen.
On March 28, with USD/JPY trading at 94.16, CBA forecast the pair to move higher to 98 in three months' time. While the yen did retrace some of its fall last month
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