Nomura expects the growth of the Japanese yen

As the currency analysts Nomura, despite the recent strengthening of the American currency pair dollar / yen could still fall to the recent lows and even lower towards the end of the Japanese fiscal year, which ends March 31. The bank believes that the market has over-enthusiastically looks forward to raising interest rates in the U.S., so the disappointment can be very rapid. Bank analysts also note that the sale of yen by the retail investors are unlikely to offset the inflow of currency from the constant current account surpluses in Japan, given the fact that next month trend away from risk will likely remain a key factor of influence in Japan. In addition, the Bank believes that in anticipation of the completion of the Japanese fiscal year, the corporation will repatriate yen. For all of these factors, the bank's strategy expected growth of the Japanese currency against the dollar to a level of 83.00 at the end of the first quarter of next year. At the moment pair dollar / yen is at around 91.82.