I was beginning to wonder if we were the only USD/JPY bulls about, but it appears Nomura’s now popped up with a long USD/JPY recommendation.
They went long at 78.80 last week with a stop at 77.00 and a target of 82.00 and are looking to add to their long position..
Thanks to Ursus for this one.
USD/JPY presently sitting around 79.80
