Thomson Reuters predicted markets would test SNB and BoJ's resolve

usd-jpy-0503

Thomson Reuters – IFR Markets has topped this week's 12-month currency forecast rankings after taking an accurate long-term view that the Japanese yen and the Swiss franc were set to appreciate during 2011 as a result of the ongoing crisis in the eurozone and slow growth in the US.

On February 25, 2011, the firm forecast USD/JPY would fall to 80 in a year's time, while USD/CHF would fall to 0.9. Both forecasts were close to the mark, with the former trading at 80.64 on February 27, 2012, and the

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