Stories tagged “Usd Jpy.”
2 stories
BofA sees downside risks for USD/JPY
Bank of America maintains its year-end forecast for USD/JPY at ¥149 but identifies several downside risks for the currency pair, despite expecting it to remain range-bound.
What happens if USD/JPY goes above 160? ‘Credibility falls further’
A sustained move in USD/JPY above 160 without intervention could weaken confidence in Japan’s commitment to supporting the yen and send the currency toward 165, according to BofA Securities. The pair was trading near 160 ahead of the July US consumer price index report, p…