Nomura Forecast: Dollar Vulnerability and Yen Resilience, Sell USD/JPY Target 142

  • The Dollar to yen (USD/JPY) exchange rate traded above 149 last week before a retreat to around 146.50 as the dollar lost ground and Japan secured a trade deal with the US. Nomura considers that negative yen elements are already priced in, lessening the potential selling risk and expects renewed dollar losses.