Nomura's Goto on Yen Forecast

The video discusses the unexpected nomination of a new PJ governor and its implications for FX traders and the Japanese yen. It explores the potential hawkish tilt in policy, the risks of rapid policy changes, and the impact of global macroeconomic factors like US CPI on currency markets. The video also analyzes the unwinding of the Bank of Japan's past actions and the introduction of new policy tools to stabilize the market.

What factors contribute to the uncertainty surrounding the new nominee's policy stance?

How might the U.S. economic data influence the Japanese yen?

In what ways could the market react to the potential scrapping of the yield curve control policy?