Nomura Securities: The bearish pattern of USD/JPY may persist until June

ChainCatcher news, according to Jinshi Data, Nomura Securities global market research analysts stated that the bearish stance on USD/JPY still appears valid in June. Analysts mentioned in a report that the likelihood of the U.S. imposing additional industry tariffs under the guise of national security remains high, which means that dollar buying will continue to face challenges. A strong dollar undermines the competitiveness of U.S. export products overseas.

Additionally, analysts noted that although the U.S. and the EU reached an agreement to postpone tariff increases, tensions between the U.S. and the EU continue. Analysts added that concerns about the negative impact of tariffs on the Eurozone economy may lead investors to favor the yen when selling off dollars.