BMO triumphs in 12-month table with weak yen view

usd-jpy

Bank of Montreal has topped this week's 12-month currency forecast rankings after predicting a weakening of the yen over the past year, as the global economy continued to improve and the Bank of Japan embarked upon further quantitative easing.

On April 13, 2012 when USD/JPY was trading at 80.86, Bank of Montreal (BMO) predicted the pair would strengthen over the coming 12 months to reach 93. Its forecast proved accurate: the weakening of the Japanese yen has been one of the strongest trends of

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