USD/JPY: Nomura bank expects rally to continue to 109.00

In an analysis note published this Monday morning, the Nomura Bank is optimistic about the USD/JPY pair, and expects a continuation of the rise to 109.00.

The bank justifies its forecast by - among other things - US rates, which it expects to see evolve around 3% for the 10-year rate.

This rise in rates can be found on mortgage rates and on corporate bonds.

Moreover, Nomura notes that the rise in US rates that began in March has attracted many international investors to the dollar, and it believes that this will continue.