Analysts at Nomura were the best yen forecasters over the past four quarters, according to Bloomberg data.
The latest hiccup in dollar strength along with some early comments worrying about a weak yen haven’t deterred them and they see an additional rise to 120.00. Head of currency strategy Yunosuke Ikeda didn’t put a timeline on the target.
Today’s dollar strength is impressive but no one will draw any near-term conclusions until after the FOMC minutes.
