Nomura's Best Forecaster Sees Yen at 120

The video discusses the recent fall of the US dollar due to concerns expressed in the latest Fed minutes about its strength affecting the economic outlook. It highlights Nomura's forecast of a 10% drop in the Japanese yen, driven by Japan's trade deficit and unattractive yields. Additionally, it covers the Bank of Japan's commitment to its current monetary policy until inflation targets are met, despite calls for an exit strategy.

What was the main concern expressed in the latest Federal Reserve minutes regarding the US dollar?

• The dollar's strength could hinder economic growth.

• The dollar's weakness could lead to inflation.

• The dollar's strength could boost exports.

• The dollar's weakness could improve trade balance.

According to Nomura, what is expected to happen to the Japanese yen?

• It will appreciate by 10%.

• It will depreciate by 10%.

• It will appreciate by 5%.

• It will remain stable.

What factors are contributing to the expected decline of the Japanese yen according to Nomura?

• High interest rates and strong exports.

• Trade surplus and attractive yields.

• Trade deficit and unattractive yields.

• Strong economic growth and low inflation.

What is the stance of the Bank of Japan regarding its current monetary policy?

• They have already exited the policy.

• They will continue the policy until inflation targets are met.

• They plan to tighten the policy soon.

• They are undecided about the policy direction.

What are Japanese lawmakers discussing in relation to the BOJ's monetary policy?

• Reducing inflation targets.

• Increasing interest rates immediately.

• An exit strategy from the current policy.

• Implementing stricter monetary controls.