BBVA hits top spot with USD/JPY call

The bank comes close on four other G10 pairs

forecasts

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BBVA won last week's one-month currency forecast table with an on-target call on USD/JPY, predicting the yen weakening against the dollar, while coming close on four other G10 currency pairs.

On November 6, when USD/JPY was trading at 122, BBVA correctly projected the dollar to gain some ground on the yen in a month's time, causing the pair to trade up to 123.

"With the Bank of Japan (BoJ) providing downbeat inflation and growth estimates for 2016, we see the Japanese

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