What is subsequent for USD/JPY? Economists at Bank of America agree with that the pair may want to attain the a hundred and sixty level.
FX intervention not likely to quit the upward stress on USD/JPY
“USD/JPY is probably to retest a hundred and fifty by using the year-end and perhaps upward thrust to 155, with one hundred sixty in sight.”
“The MoF would possibly intervene as USD/JPY tries new highs. However, thinking about it would want to keep a sure degree of liquid, overseas reserve balances at a sure level, markets are probably to see the MoF’s firepower as confined and FX intervention is not going to be enough to quit the upward stress on USD/JPY.”
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