twitterjackpotparty| JPMorgan Chase and Bank of America in unison: The yen is close to falling to 160

Source: Wall Street News

Once the yen exchange rate breaks through the 155 mark,twitterjackpotpartyCould the authorities intervene?

On Tuesday, the yen fell to a 34-year low of 154 due to the rising US-Japan interest rate spreadtwitterjackpotparty.75, down 9% from the beginning of the year.

The recent sharp fall in the yen has sparked speculation among traders as to how far the weak yen can go amid the cloud of authorities 'intervention.

JPMorgan Chase and Bank of America view the U.S. dollar's fall to 160 against the yen, the lowest point in 34 years, as the next milestone, T. Rowe Price is considering the risk of the yen falling to around 170, a level last seen in the 1980s.

Daisaku Ueno, foreign exchange strategist at Mitsubishi UFJ and Morgan Stanley Securities, said:

Mingze Wu, a foreign exchange trader at StoneX Financial in Singapore, said: