None
EN
BofA cuts year end dollar/yen forecast to 149 after intervention
[]
Investinglive RSS Breaking News Feed
BofA's revised forecast signals growing conviction among major banks that coordinated intervention has genuinely shifted the yen's trajectory rather than offering only temporary relief.
---BofA says coordinated intervention and a likely September BOJ hike put the yen on track for its strongest year end position in this forecast cycle.
In a note published Wednesday, BofA analysts including Shusuke Yamada said they now expect USD/JPY to fall to around 149 by year end, down from a prior forecast of 152.
The revised forecast reflects a broader shift in how major banks are positioning for the yen heading into year end, with BofA's outlook now anticipating sustained appreciation rather than a return toward recent highs.
Markets are likely to watch upcoming BOJ commentary and any further signs of coordinated intervention closely, given how central the timing of policy action is to BofA's updated view.