USD/JPY: Weak Demand For Dip-Buying Among Japanese Retail Investors - Nomura

Retail investors’ views on the Japanese equity market have weakened slightly, according to the latest Nomura Individual Investor Survey (6-7 February).

.....More investors see downside risks for USD/JPY than last month too. 63.9% of investors expect USD/JPY to fall over the next three months, while 53.0% expected a fall the previous month.

They do not necessarily expect a significant decline in USD/JPY, while most retail investors expected around 5 point fall in USD/JPY.

The reference level was lower at 112.45 than the 115.60 in the previous month, but the survey result showed weaker demand for dip-buying for now.

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