RBC have lifted their year-end forecast for USD/JPY to 150. Previously were at 145.

RBC have moved their end-2023 USD/JPY forecast to 150 from their previous call for 145.

RBC says that the July Bank of Japan meeting will be a disappointment for those expecting a policy adjustment from the Bank. RBC adds, though, that they do expect the BOJ to adjust its YCC program later in 2023.

Earlier re yen and BOJ:

USD/JPY update, dribbling a little lower in early Tokyo time:

This article was written by Eamonn Sheridan at www.forexlive.com. Source