What is Nomura's 2026 FX forecast?
Nomura publishes year-end and quarterly forecasts for the major currency pairs as part of its FX research. FX Bank Forecast tracks Nomura's published currency-research reports, placing each call alongside the cross-bank consensus of 30 major investment banks so you can see where Nomura sits relative to the broader sell side — more aggressive, more cautious, or roughly in line. The page compares Nomura's direction and conviction against that consensus rather than presenting any single house view in isolation. Nomura's individual per-pair targets, the quarterly path behind them, and exactly how far each call diverges from the multi-bank consensus are available to subscribers, while the aggregate consensus picture is open to everyone.
How does Nomura's view compare with other banks?
The cross-bank consensus is the clustered view of many independent sell-side desks, so the useful question is rarely "what does one bank say" but "where does Nomura sit versus the pack." FX Bank Forecast computes how far Nomura's targets diverge from the consensus on each pair, which surfaces whether the firm is a consensus-hugger or a genuine outlier on a given currency. That positioning — and how it shifts as Nomura revises through the year — is often a more durable signal than any single point forecast, because it shows conviction relative to the market rather than in a vacuum. Seeing Nomura side by side with the full panel is what turns a pile of individual reports into a legible map of institutional conviction.
Does FX Bank Forecast track Nomura's currency forecasts?
Yes. FX Bank Forecast tracks Nomura's published currency-research reports, aggregating them into a single cross-firm consensus surface that compares year-end targets, quarterly paths and the reasoning behind them across the major desks. Rather than relying on any one house view, the platform clusters the drivers and risk scenarios that recur across banks so you can see where the sell side genuinely agrees and where it splits — and where Nomura fits within that. The aggregate consensus and Nomura's coverage are open to everyone; the firm's individual per-pair targets and the detailed scenario levels behind each view are available to subscribers.