野村证券:保持日元长期偏好——关税、日本央行、通胀。概述:野村证券对日元持有长期偏见,理由是美国关税政策的不确定性加剧、日本央行对日元疲软的敏感性以及国内政治对通胀控制的关注。虽然预计日本央行不会比目前的市场定价更早加息,但日本的政策立场表明,支持日元的暗流仍然存在。
Nomura: Retains Long JPY Bias - tariffs, BOJ, inflation.Synopsis: Nomura maintains a long JPY bias, citing heightened uncertainty around US tariff policy, the Bank of Japan's sensitivity to yen weakness, and domestic political focus on inflation control. While the BoJ is not expected to hike earlier than current market pricing, Japan's policy stance suggests yen-supportive undercurrents remain intact.