145-150 in USD/JPY nominated as the area to watch for Bank of Japan yen intervention

<p>Via National Australia Bank on the yen. </p><p>Analysts at the bank say that Bank of Japan intervention to buy yen is likely if USD/JPY trades into the 145-150 band. </p><p>They note that current policy from the BOJ is not supportive of long-term yen strength. Rates higher in the US than in Japan a key point. </p><p>NAB's forecasts are for USD/JPY at 133 at the end of Q3 this year, and 125 by the end of Q4. </p><p>European Central Bank President Lagarde and Bank of Japan Governor Ueda … ps both are speaking later today:</p><ul><li><a href="https://www.forexlive.com/centralbank/its-a-fed-ecb-boj-boe-bonanaza-today-powell-lagarde-ueda-bailey-all-speaking-20230627/" target="_blank" rel="follow" data-article-link="true">It's a FED, ECB, BOJ, BOE bonanaza today – Powell, Lagarde, Ueda, Bailey all speaking</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.