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Aug 23 - 02:55 PM

USD/JPY: Expected To Surpass Its Recent High Of 111.66 In The Run-up To The Fed September Meeting - Nomura

By eFXdata  —  Aug 23 - 01:30 PM

Nomura Research maintains a bullish bias on USD/JPY in the run-up to the September FOMC policy meeting.

"As a risk scenario, if the Fed decides to announce the start of tapering at the September FOMC meeting, it is highly likely that a continued improvement in US economic indicators and a reduction in concerns about delta variants will have occurred," Nomura notes. 

"Thus, even in the run-up to the September FOMC meeting, USD/JPY is expected to surpass its recent high of 111.66. Under the September tapering scenario, USD/JPY strengthening could accelerate to about 113-114," Nomura adds. 

Source:
Nomura Research/Market Commentary

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