Bloomberg have the report (gated) on a be aware from Financial institution of America.
Analysts in Tokyo nominate 140 in USD/JPY
- if USD/JPY will get there it might immediate Japanese authorities intervention
- BoA say as much as USD100bn intervention based on the Bloomberg report.
- says the extent could possibly be reached if there’s a recent transfer increased for US yields
- says the Financial institution of Japan is unable to hike its charges ‘meaningfully’ to defend the yen
For certain Financial institution of Japan Governor Kuroda has stated again and again he won’t be tightening coverage (eg by lifting charges) given CPI ranges (nicely in need of goal).
USD/JPY weekly candles