USD/JPY forecast at 155 on 6-month view
The Japanese Yen has seen a sharp pullback after comments from the Prime Minister and Bank of Japan Governor.
The USD/JPY has returned to near the 160 level, partly due to a firmer US Dollar.
A June BoJ rate hike is widely expected, and the Bank’s hawkish tone will likely keep USD/JPY from breaching 160 in the immediate term.