Reported 12 months ago
Vanguard anticipates the Japanese yen may slide towards 170 per dollar if potential Bank of Japan policy adjustments fail to elevate the country's bond yields. The currency has already decreased by 13% this year, prompting pressure for Japan to intervene and the BOJ to decrease extensive government bond purchases. Ales Koutny of Vanguard warns that a small reduction in bond purchases at the July meeting might disappoint markets and potentially lead to the dollar-yen rate reaching 170.
Source: YAHOO