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Yen Seen Gaining 6% Against Dollar by End of 2026, Bank of America Says

Bloomberg Markets Wednesday 05 August 2026, 21:00 UTC By Anya Andrianova 1 min read
Key Points

Bank of America Sees Yen Jumping 6% by End of 2026 The Japanese yen will strengthen about 6% against the dollar by year-end following coordinated currency intervention, according to revised expectations from Bank of America Corp. The yen is seen advancing to 149 per dollar from about 158 now, supported by joint action from the US and Japanese governments and the prospect of a Bank of Japan rate increase in coming months, analysts including Shusuke Yamada, Izumi Devalier and Tomonobu...

Bank of America Sees Yen Jumping 6% by End of 2026 The Japanese yen will strengthen about 6% against the dollar by year-end following coordinated currency intervention, according to revised expectations from Bank of America Corp. The yen is seen advancing to 149 per dollar from about 158 now, supported by joint action from the US and Japanese governments and the prospect of a Bank of Japan rate increase in coming months, analysts including Shusuke Yamada, Izumi Devalier and Tomonobu Yamashita wrote Wednesday. The bank previously forecast the yen at 152 at year-end.
Yen Seen (PERSON) Bank of America Says Bank of America (ORG) Japanese (ORG) Bank of America Corp. (ORG) US (LOCATION) Bank of Japan (ORG) Shusuke Yamada (PERSON) Izumi Devalier (PERSON)
Originally published by Bloomberg Markets Read original →

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