BAML: economic uncertainty favours yen

usd-jpy-jan-16

Bank of America Merrill Lynch (BAML) has topped this week's one-month currency forecast rankings with an accurate prediction on USD/JPY, based on the view that the strength of the yen would continue to be a feature of the foreign exchange markets in 2012.

On December 9, 2011, BAML predicted USD/JPY would fall to 76 in a month's time, with the pair trading at 76.81 on January 9, according to data from Thomson Reuters.

The forecast was based in part on the view that economic uncertainty in 2012

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