Japanese Yen
Why the consensus is wrong on USD/JPY
RBC Capital Markets has taken a contrarian view on the yen for several years, predicting it would strengthen against the US dollar while the consensus forecast was for yen strength. After the bank’s contrarian view has proved accurate, Adam Cole argues…
Intervention won't weaken the yen, says Morgan Stanley
Strategists at the US bank took a view in October that the yen would continue to strengthen, landing it at the top of the one-month forecast rankings
Standing out from the crowd with forecast of yen strength
RBC Capital Markets scoops all three forecast awards on USD/JPY after taking an accurate view that the consensus forecast of yen weakness was not supported by fundamentals
Spotlight on: Collin Crownover, SSgA
State Street Global Advisors’ head of currency management talks to Joel Clark about investor appetite for G-10 and emerging market currencies, and how his global team has managed the volatility and political uncertainty that has characterised the foreign…
Japanese corporates count costs of further yen strength
Japanese companies have been hit hard by the strength of the yen and are now revising down their profit forecasts in anticipation of further appreciation
Yen expected to remain weak as long as Greek package is implemented
Foreign exchange strategists and traders have judged this week's Japanese intervention a success in weakening the yen, and believe USD/JPY should remain higher as long as the eurozone crisis doesn’t spiral out of control and spark a flight back to the…
FX Invest Middle East: Volatility is tough and unsustainable, say managers
Delegates at FX Invest conference in Dubai discuss Japanese intervention, the value of emerging market currencies and their outlook on volatility
Contrarian long-term view on yen strength lands ANZ on top
Australian bank predicted in October 2010 that USD/JPY would fall to 75, accurately reflecting the unwavering strength of the yen in 2011
Fighting a losing battle on yen strength
Despite repeated intervention by the Bank of Japan over the past year, the yen remains stronger than ever, with USD/JPY struggling to break above 77. Derek Halpenny analyses the three episodes of intervention and related data to explain why intervention…
Central banks shy away from euro reserves
New data from the IMF’s currency reserves database suggests reserves accumulation has slowed during 2011 and the appetite to hold euro reserves has also waned, particularly on the part of emerging market central banks
Prediction of yen stagnation puts UBS on top
Accurate view on USD/JPY lands Swiss bank at the top of the one-month forecast rankings
Corporates cover their backs with longer-dated options
Corporate hedgers buy longer-dated options amid increased volatility in foreign exchange markets, say market participants
Trading like it’s 2008
Foreign exchange markets in 2011 continue to show parallels to 2008, but the economy is unlikely to slip back into recession and Asian currencies look set to benefit from broad-based US dollar selling. Callum Henderson looks at the key similarities…
View from a global head of FX
Tim Carrington, global head of FX at Royal Bank of Scotland, talks to Farah Khalique about the exceptionally poor liquidity in FX markets in recent weeks and why he remains bearish on the US dollar but bullish on sterling and the yen
Westpac: no end in sight for yen strength
Westpac tops the three-month rankings after it predicted the yen would strengthen during July and August
Japan’s new leverage limit will hurt carry trade, says Glenn Stevens
Japan FSA's 25:1 leverage limit implemented on August 1 could kill the popularity of the carry trade for retail investors, says Gain Capital's chief executive
Spotlight on: Glenn Stevens, Gain Capital
The retail broker’s chief executive talks to Farah Khalique about the changing nature of retail foreign exchange, the advent of tighter leverage limits in the US and Japan, and Gain Capital’s recent acquisition of dbFX from Deutsche Bank
Scotia Capital goes bearish on sterling
Canadian bank anticipated a fall in cable during the second quarter, landing it at the top of the three-month forecast rankings
Banks and ECNs join forces to prevent FX flash crash
Citi, JP Morgan and Morgan Stanley join Deutsche Bank on Traiana's enhanced CreditLink service
RBC takes issue with yen weakness
Canadian bank predicted USD/JPY would go down rather than up, landing it at the top of one-month forecast rankings
Crédit Agricole’s euro view turns from bull to bear
French bank accurately predicted euro would not plummet over the past month, but turns bearish over the next year
GFT hits top with 12-month euro-yen prediction
GFT's accuracy on EUR/JPY and GBP/USD put it at the top of 12-month forecast rankings
Scotia Capital wins after calling time on euro appreciation
Canadian bank predicted ECB rate hike would halt the upward trend of the euro against the dollar and the yen
Sanity check on the value of emerging markets
April in perspective: investors and managers appear to have become more averse to the risk posed by emerging market currencies after volatility struck in March