Via National Australia Bank on the yen.
Analysts at the bank say that Bank of Japan intervention to buy yen is likely if USD/JPY trades into the 145-150 band.
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.
NAB's forecasts are for USD/JPY at 133 at the end of Q3 this year, and 125 by the end of Q4.
![lagarde ueda 15 May 2023](https://images.forexlive.com/images/lagarde%20ueda%2015%20May%202023_id_2a767a49-0d1f-4cad-b78d-666758f1e627_original.jpeg)
European Central Bank President Lagarde and Bank of Japan Governor Ueda ... ps both are speaking later today: