Nomura Forecasts Yen May Reach 140 Per Dollar in 2024, Says Head of Trading and Investment Banking

Nomura Holdings Inc. Anticipates Yen Appreciation Against Dollar, Predicts 140 Level This Year

Nomura Holdings Inc., a leading financial services group, projects the yen’s resurgence against the dollar later this year, as disclosed by Christopher Willcox, the firm’s head of trading and investment banking.

In an interview with Bloomberg TV on Thursday, Willcox asserted, “We think it should head back toward 140.” He attributed the potential strengthening of the yen to “the force of the Fed easing further down the road and somewhat tighter Japan policy.

This forecast suggests a significant shift in currency dynamics and underscores Nomura’s perspective on the potential trajectory of the yen-dollar exchange rate in the coming months. The yen’s ascent to 140 per dollar would mark a notable milestone and potentially impact global markets, particularly in the realm of international trade and investment.

Nomura’s outlook reflects ongoing volatility and uncertainty in global financial markets, driven by factors such as central bank policies, geopolitical tensions, and economic indicators. Investors and analysts will closely monitor developments in currency markets, including any shifts in the relationship between the yen and the dollar, amid broader economic trends and geopolitical developments.

As the year progresses, market participants will assess the implications of Nomura’s forecast on their investment strategies and risk management approaches, considering the potential impact on asset valuations and portfolio allocations. The yen’s movement against the dollar remains a key focal point for market participants navigating the complex landscape of global finance and investment.

JPY latest articles

Popular exchange rates

foreign exchange

fxcurrencyconverter is a forex portal. The main columns are exchange rate, knowledge, news, currency and so on.

© 2023 Copyright fxcurrencyconverter.com