# Japan yen could hit 120 this year, Nomura says

> Nomura forecasts the yen could reach 120 per dollar by year-end, citing a Fed near its peak and possible Bank of Japan tweaks to yield curve control. Standard Chartered sees a full abolition of YCC as the driver for yen strength.

- Date: 2023-04-13 · published 2023-04-13T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/36633-japan-yen-could-hit-120-this-year-nomura-says
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger yen would reduce the yen cost of dollar-priced grain and feed imports for Japanese buyers, with a small effect on global prices.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2023/04/13/japan-yen-could-hit-120-this-year-nomura-says.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.