Yen

Foreign-exchange forecasters are the most divided about the yen in almost a year.

Japan's currency has defied predictions and rallied more than 6 per cent in February, the biggest monthly surge since 2008, as investors seek haven assets. The gulf has widened between analysts' forecasts, with Barclays Plc, the world's third-largest currency trader, projecting a further 16 per cent rally to 95 per US dollar by year-end, while Goldman Sachs Group Inc projects a 14 per cent tumble to 130 within 12 months.