Read full post at forexlive.com
Bloomberg conduct survey’s of FX forecasts, and it ranks the most accurate analysts.
For yen projections, the top spot for Q1 was held by Alvin Tan, head of Asia FX strategy at RBC Capital Markets.
Bloomberg report on his outlook, which is a risk of USD/JPY hitting 165:
“Intervention is only going to be effective by itself if we see it coordinated particularly with the US,”
USD/JPY chart since around this time yesterday when the BOJ intervened for the second time this week.