- Strategists including those at Wells Fargo and Citigroup expect the yen to weaken as the Bank of Japan will be less hawkish than markets expect at its Friday meeting.
- Citigroup sees the yen reaching 159 per dollar over the next few weeks.
- The yen was little changed at 156.02 per dollar in Tokyo on Friday as of 8:31 a.m.
Quotes
“Strategists including those at Wells Fargo & Co. and Citigroup Inc. expect the yen to weaken as they anticipate the Bank of Japan will disappoint investors after its meeting on Friday by being less hawkish than the market expects.”
“The strategists are bearish on the Japanese currency, with Citigroup seeing the yen potentially reaching 159 per dollar over the next few weeks.”
“The yen was little changed at 156.02 per dollar as of 8:31 a.m. in Tokyo on Friday.”