Chart-topping CMC goes against the grain on yen

usd-jpy-april-23

CMC Markets has topped this week's 12-month currency forecast rankings for the second successive week after making accurate forecasts on the direction of both the yen and the Swiss franc in April 2011.

On April 15, with USD/JPY trading at 83.35, CMC Markets took the contrarian view that the pair would fall to 80 in a year's time, accurately reflecting the spot rate on April 16, according to data from Thomson Reuters.

"There was a lot of concern last year in regards to how much quantitative

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