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Nomura: Trump's speech did not send a clear signal to calm the situation Nomura stated that Trump's speech did not send a clear signal to calm the situation as the market had hoped. Robert Subbaraman, global market research director at the company, said that in the foreign exchange market, we may see Asian currencies weaken against the US dollar. If the volatility is too rapid, central banks of various countries may increase their intervention efforts. He stated that this could bring upward pressure on government bond yields.