USD/JPY to 155.00 in six months on US growth outlook and BOJ policy bias

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As long as the BoJ remains away from raising interest rates and equities remain reasonably supported, the yen will continue to weaken.

The main risk to a weaker yen over the next six months is that rising inflation and currency depreciation will annoy the central bank even more and prompt the central bank to launch a more forceful response, such as currency intervention or an early hawkish turn by the BOJ, or both Of.

USD/JPY retreats

USD/JPY fell 0.10% on the session as it retreated from its highest level since November 2022 to 146.35, the news failing to boost USD/JPY.