JapanTransactions with Nomura HoldingsinvestBanking officials said they expect the yen to strengthen against the dollar later this year and could reach 140 yen against the dollar.

“We think the yen will move toward 140,” Christopher Wilcox, head of trading and investment banking at Nomura, said in an interview with Bloomberg TV today (28th). The yen’s strengthening was “primarily driven by further easing of policies by the US Federal Reserve (Fed) and tightening policies by Japan.”

However, the exchange rate of the yen against the US dollar reached its lowest level in 34 years on Wednesday (27th), hovering around 152 yen per US dollar. It closed 0.15% higher at 151.33 in New York. This morning, another slight decline was seen in the Asian session. Most market observers believe that 152 is the level that will trigger Japanese official intervention. Japanese officials warned on Wednesday they may take measures to stop the yen’s depreciation.

Wilcox said,Central bankIf you want to surprise the market, you intervene often.

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