BofA cuts year end dollar/yen forecast to 149 after intervention - investingLive
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BofA cuts year end dollar/yen forecast to 149 after intervention investingLive
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4 itemsBofA cuts year end dollar/yen forecast to 149 after intervention - TradingView
BofA cuts USD/JPY forecast to 152 (prior 157) and flags three triggers for yen bull turn - TradingView
BofA's adjustment of its USD/JPY forecast from 157 to 152 highlights emerging bearish sentiment on the dollar against the yen, identifying three potential triggers for a yen bull run. Per the full note [source], these triggers suggest a pivot in central bank policy could be imminent, driven by shifts in US economic data and altered inflation trajectories. Current consensus among firms forecasts a near-term USD/JPY target around 154.5 with expectations for further depreciation towards 148 by the end of the year. With no significant calendar events scheduled in the next month, market positioning will be key to watch as traders assess these potential shifts.
USD/JPY to eye a drop back below 150 by year-end?
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