Standing out from the crowd with forecast of yen strength

adam-cole-rbc-2009
Adam Cole, RBC Capital Markets

Taking an overtly contrarian view on the direction of a major currency pair can be a fairly gutsy move, but for RBC Capital Markets, a controversial forecast on the yen has paid off time and again over the past two years and sees it scooping the USD/JPY award across one, three and 12 months.

"We really went out on a limb on the yen in early 2009, when we made a point of going against a very strong consensus view that the yen was going down. We have stuck to that line ever since, and still do

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