We revised our G10 FX forecasts earlier this week to reflect stronger conviction in a USD upswing. We now see NZD/USD at 0.76 by year-end, and 0.70 by end-2015. The JPY remains in sharp focus, with USD/JPY making a bee-line for ¥115 since the Bank of Japan announced a surprised step-up in its asset purchases
Read the full report: FX Strategy