Is the "ultimate constraint" lifted? Bank of America: After joint intervention, the yen is expected to rebound by about 6% within the year.

According to the Zhitong Finance APP, Bank of America released its latest exchange rate forecast on Wednesday, significantly raising its year-end target for the yen against the dollar. It predicts that under the joint effect of US-Japan government coordinated interventions and interest rate hikes by the Bank of Japan in the coming months, the yen will appreciate by about 6% from the current level of approximately 158, reaching 149 to 1 dollar by the end of the year. The previous forecast was 152.