MUFG predicts that the US dollar’s recovery will probably result in it surpassing the 150 mark against the Japanese yen, with the current exchange rate at 149.142.

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USDJPY Chart by TradingView

BoJ acts to stem 10yr JGB yield rise. The Yen initially weakened modestly but has since strengthened with the Dollar continuing to sell off more generally. Economists at MUFG Bank analyze JPY outlook.

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