Yen will continue to weaken under BoJ pressure, says Nomura

USD-JPY November 5

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Nomura has topped this week's one-month currency forecast rankings after accurately predicting the yen would weaken as a result of more aggressive monetary policy from the Bank of Japan (BoJ) in response to political pressure on the central bank to improve economic conditions.

On September 28, with USD/JPY trading at 77.6 and EUR/JPY at 100.42, Nomura forecast the two pairs to rise to 80 and 102 respectively, accurately reflecting spot rates on

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