Barclays lands top spot on euro call

Fundamentals supported depreciation

forecasts

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Barclays won last week's one-month currency forecast table with an on-target call on EUR/JPY, correctly predicting the pair's depreciation based on fundamentals, and it also came close on four other G10 currency pairs.

On October 23, when EUR/JPY was trading at 134, Barclays accurately projected the pair to trade down to 131 in a month's time. The UK bank, which has been bearish on EUR/USD, despite the pair moving higher over the summer, believed those moves resulted

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