Wells Fargo said the yen could fall to the ¥160-per-dollar range next month if the Bank of Japan cannot signal additional rate hikes.
Wells Fargo, a U.S. bank, said yen weakness could accelerate if the Bank of Japan is unable to continue sending signals that it will raise interest rates.
The outlook reflects the relationship between the Bank of Japan’s monetary policy direction and market expectations, and points out that exchange rates could be affected depending on the actual course of policy.