Contrarian long-term view on yen strength lands ANZ on top


ANZ has topped this week's 12-month currency forecast rankings after taking a contrarian view on the long-term behaviour of the yen at the start of the fourth quarter of 2010.

On October 8, 2010, the Australian bank forecast that USD/JPY would fall from 82 to 75 in a year's time, while the consensus view of contributors was that the yen would weaken and USD/JPY would trade at 91. Events of recent months have served ANZ well, as repeated intervention by Japanese authorities has failed to weaken

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: