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.
