Flash: Dips in USD/JPY mid term buying opportunities - Nomura

FXstreet.com (Barcelona) - According to Nomura Strategists Yujiro Goto, the tax hike debate in Japan is set to continue after Q2 GDP disappoints. The core view for Nomura, however, "remains that the tax hike is implemented as scheduled and USDJPY rises in the medium term" Goto notes, adding that as a result, "the dip in USDJPY related to the tax hike debate should be regarded as an opportunity to enter USDJPY long positions in the medium term."