Core Viewpoint - Nomura has revised its year-end forecast for the USD/JPY exchange rate from 140 to 137.50, influenced by concerns over U.S. President Trump's tariffs and worries regarding U.S. stagflation and the credibility of U.S. assets [1] Group 1 - Nomura's adjustment reflects a significant change in outlook for the USD/JPY exchange rate [1] - The revision is attributed to increasing concerns about tariffs imposed by the U.S. government [1] - There are growing worries about stagflation in the U.S. economy and the impact on the credibility of U.S. assets [1]

Core Viewpoint - Nomura has revised its year-end forecast for the USD/JPY exchange rate from 140 to 137.50 due to concerns over U.S. tariffs imposed by President Trump and increasing worries about U.S. stagflation and asset credibility [1] Group 1 - Nomura's strategists Yujiro Goto and Jin Moteki are responsible for the report [1] - The adjustment in the forecast reflects a significant shift in market sentiment regarding the U.S. economy [1] - The concerns about U.S. tariffs and stagflation are key factors influencing the revised exchange rate prediction [1]