Weak yen propels Nomura to top
Nomura has come first in this week’s three-month currency forecast rankings, after accurately predicting the yen would continue its weakening trend against other majors and that sterling would outperform the dollar.
On October 11, 2013, with USD/JPY trading at 98.30 and GBP/USD trading at 1.5973, the Japanese bank believed the market was moving away from a weak pound as a result of improved UK economic data. For the yen, Nomura believed Japanese corporates would continue selling the currency and
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