The USDJPY currency pair, currently at a rate of 147.696, is gradually approaching 150 and this could potentially lead to increased government intervention to help strengthen the Yen, according to MUFG.

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USDJPY Chart by TradingView

USD/JPY has soared toward 148.00 ahead of the latest policy update from the BoJ in the week ahead. Economists at MUFG Bank analyze the pair’s outlook.

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