According to Jinshi Data, Nomura Securities said that the renewed weakness of the yen will be short-lived due to increased volatility, geopolitical tensions and safe-haven buying support. Nomura strategists Yujiro Goto, Yusuke Miyairi and Jin Moteki pointed out in the report that the retracement of the yen and the Swiss franc shows that investors are willing to engage in yen carry trades again, but the V-shaped trend of the dollar against the yen is uncertain. Analysts believe that the weakness of the yen may be limited to around 150 yen per dollar. Nomura also said that the escalation of the conflict in the Middle East may increase the demand for the yen as a safe-haven currency, and investors underestimated the risk of the Bank of Japan taking a hawkish stance in the future.