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USD/JPY to 130?

Nomura remains bullish on USD/JPY

USD/JPY has been trading in a narrow range around 120 so far in 2015, notes Nomura

"After appreciating strongly in 2013 and 2014, the pace of USD/JPY appreciation slowed as we expected. However, we still do not think USD/JPY has peaked. As the Fed is finally about to embark on its tightening cycle, we expect USD/JPY to resume appreciating toward 130 in 2016," Nomura projects.

"Given monetary policy divergence and expected strong JPY selling by Japanese investors and businesses, we expect USD/JPY to keep trending higher

We are currently flat in JPY positions, but into 2016 we recommend keeping a USD/JPY long bias," Nomura advises.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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