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Aug 02 - 09:48 AM
USD/JPY: Momentum Could Slow S/T Before Accelerated JPY Weakness - Nomura
First appeared on eFXplus on Aug 01 - 07:30 PM

Nomura Research follow-up on its USD/JPY outlook  in light of the latest tweaks in the BoJ policy (see here) . 

FX (and equity) market are much calmer today. Nonetheless, higher volatility in JGBs could still slow momentum of USD/JPY appreciation in the near term )

We expect the JGB market to be calmer once the BOJ announces the fixed-rate operation and then, JPY weakness will likely accelerate too," Nomura argues. 

Source:
Nomura Research/Market Commentary

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