RBC consistently contrary on yen strength
Royal Bank of Canada (RBC) tops this week's three-month currency forecast rankings by sticking to its contrarian view of ongoing yen strength.
The view led the bank to top FX Week's one-month currency forecast rankings back in June, as the unit continued its ascent against the US dollar and euro. And three-month forecasts made by RBC on July 15 also proved accurate, with USD/JPY and EUR/JPY reaching 77 from 79.05 and 107.51 from 111.83, respectively, on Monday, October 17.
Elsa Lignos, a
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