Nomura expects continued depreciation of the yen over the coming period as the Bank of Japan continues its expansionary monetary policies. The USDJPY is expected to see further gains as the Bank maintains its monetary policy unchanged as the US Federal Reserve moves forward with its rate hike policy, and the pair may reach 110 levels by the end of September this year.
The Bank of Japan's BOJ's semi-annual financial system report, the CB's meeting on April 27, and the upcoming Trump-Abe summit, could act as a catalyst for the exchange rate in the near term, but the currency's long-term trend is bearish, Bank experts said.
