The least credible of all forecasters are the investment bank currency analysts and traders. I don't even know why they bother saying anything, they're always wrong, not just a "little off" but very often directionally incorrect. They must be earning their keep some other way, because if they did so on forecasting, I'd rather pay Smidgen to raise his left paw if the yen is to appreciate, and his right paw if it is to depreciate. I'm sure his accuracy would be better than that of the talking heads.