Nomura Predicts Dollar Retreat Against Yen, Targeting 138
Analysts at Nomura have issued a forecast indicating that the recent optimism surrounding the US Dollar may be premature. Following a brief surge near 146, the USD/JPY exchange rate retreated to around 144 due to ongoing market volatility. Expectations are set for a renewed decline, with the currency pair potentially re-testing the pivotal 140 support level before falling further to 138 by the end of the trading period. This prediction emphasizes the current uncertainties impacting currency movements and highlights the importance of strategic trading decisions.