Dollar / yen in recent days added significantly to the price, but currency strategist at Nomura have expressed doubt that the upward motion of the pair in the near future will be sustainable and will have a significant development. The bank believes that the evidence that the economic recovery in the U.S. will take a very moderate pace, will force market participants to adjust the assessment of the prospects for tighter monetary policy by the Fed. Nomura strategists believe that in the next two years of rate hikes in the U.S. will be too small to support the growth differential yield of 2% - 3% and thus ensure sustained growth dollar / yen, and reported that, while long-term prospects for couples look bullish until the end of this year, it is likely to continue to bargain in the range Y85/Y95.
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