SEB wins anticipating weak USD gains

BoJ could be forced into further QE before 2015

forecasts

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SEB topped last week's 12-month currency forecast rankings, having anticipated that even if the US Federal Reserve announced it would start reducing its monetary stimulus, the scope of dollar gains against the yen and the euro would be smaller than predicted.

On August 30, 2013, the bank forecast USD/JPY, then trading at 98.20, to rise to 104. Carl Hammer, chief currency strategist at the Swedish bank, says they had a fairly bearish view that the yen would continue to

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