"As long as the BOJ doesn't change its monetary policy stance, the stock market will remain resilient."
His views are echoed by Nicholas Smith, a strategist at CLSA Securities Japan who sees a buying opportunity in stocks. "It's hard to see a sustained break below 105 in the next six months" for the dollar-yen pair, according to Ranko Berich, head of market analysis at Monex Europe in London. "Dollar-yen direction is determined by where the interest-rate spread might be headed," he said."It won't suddenly break 100 barrier. Should the US not adjust interest rates until after 2023, Japan is unlikely to budge as well."
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