BofA: USD/JPY dips to remain shallow; three reasons for targeting 147 by September
Bank of America expects the USD/JPY exchange rate to rise to 147 by September due to factors such as no anticipated capital repatriation by Japanese investors, no clear indication of multiple rate hikes from the Bank of Japan, and reduced market volatility. Recent changes to the BoJ's Yield Curve Control are unlikely to significantly impact the exchange rate.
Source: forexlive.com