• Bloomberg

  • SHARE

Longtime yen bear Nomura Holdings Inc. has finally bowed to the market forces that drove the currency to ¥99 per dollar for the first time since 2011.

It is far from alone. HSBC Holdings PLC, Citigroup Inc., and Mizuho Financial Group Inc. join Japan’s biggest brokerage in raising year-end yen forecasts by as much as 20 percent after the U.K.’s decision to leave the European Union spurred a rush for the currency as a haven.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)