Nomura Securities: USD/JPY bearish pattern may continue until June

According to Mars Finance and Jin Shi Data, Nomura Securities global market research analysts stated that the bearish stance on USD/JPY still appears valid in June. In their report, analysts said the possibility of the United States imposing additional industry tariffs on national security grounds remains high, which means dollar buying will continue to face challenges. A strong dollar weakens the competitiveness of US export products overseas. Additionally, analysts noted that although the US and EU have reached an agreement to postpone tariff increases, tensions between the two remain ongoing. Analysts further added that concerns about tariffs' negative impact on the Eurozone economy might lead investors to prefer the Japanese yen when selling dollars.