Technical analysis on USDJPY and the possible start of interventions by the Bank of Japan

Analysts say BOJ intervention to buy the yen is likely if USDJPY trades in the 145-150 range.

They note that the current policy of the Bank of Japan does not contribute to the strengthening of the yen in the long term. The stakes are higher in the US than in Japan a key point.

NAB forecasts for USDJPY are 133 at the end of the third quarter of this year and 125 at the end of the fourth quarter.

 The medium-term technical correction is already close, in the picture we have shown our forecast for the movement in the Yen.