May 17, 2013
Flash: Nomura's survey on USDJPY suggest higher quotes
FXstreet.com (Barcelona) - During May 16, Nomura asked global clients to share their views on the Yen. The key results were: "1) A majority of investors hold USDJPY longs. Their conviction is higher than in previous surveys. 2) Most frequent USDJPY target is 105-110 for end-2013 and 110-115 for end-2014. 3) Hedge funds and retail investors are expected to be the two key drivers for further JPY weakness. 4) Expectations for the BOJ to achieve 2% inflation is clearly higher than previous surveys..."