USD/JPY call pushes Nomura to top

Japanese bank moves up from sixth place


Nomura has topped last week's three-month currency forecast rankings after accurately predicting the US dollar was set for a sustained period of strength against the yen and the Bank of Japan (BoJ) was likely to push ahead with further quantitative easing (QE) measures.

On August 1, USD/JPY was trading at 102.94 and has since risen considerably, reaching a high of 114, last seen in 2007.

London-based Nomura senior FX strategist Yujiro Goto says the timing of the BoJ's increase of QE to ¥80

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