Nomura raised its forecast for USD/JPY for the coming period as it is expected to move towards 115 levels by the end of 2018 against past forecast at 110. It is likely to reach 118 levels by March 2019 versus 112 previously, and 122 against 115 previously.
The institution attributed these expectations based on a divergence in monetary policy between the Fed and the Bank of Japan. In addition to the yen pair on the back of positive US data.
