Barclays rises as BoJ sends yen plummeting

Dollar-yen May 20

Barclays has topped this week's one-month currency forecast rankings with a view that the Bank of Japan's (BoJ's) quantitative easing strategy would see the yen continue its descent against the dollar.

On April 12, when USD/JPY had just broken through 100 before settling to trade at 99, the bank predicted it would continue to push above 100 as a result of BoJ intervention. The central bank intends to increase its monetary base at an annual pace of about ¥60–70 trillion, and Barclays expects its

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