---
title: "JP Morgan and Bank of America in unison: The Japanese Yen falling to 160 is within reach"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/202081790.md"
description: "JP Morgan and Bank of America predict that the Japanese Yen will fall to 160, marking an important milestone. Julia Wang from JP Morgan is closely monitoring the speed of the Yen's decline, as a too rapid and disorderly decline may trigger intervention. In addition, traders are also watching whether the Yen will fall to 170, and are speculating on whether the Bank of Japan will make a strong response. The recent sharp decline of the Yen has sparked speculation in the market"
datetime: "2024-04-16T12:53:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/202081790.md)
  - [en](https://longbridge.com/en/news/202081790.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/202081790.md)
---

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# JP Morgan and Bank of America in unison: The Japanese Yen falling to 160 is within reach

On Tuesday, influenced by the widening spread between US and Japanese interest rates, the Japanese yen fell to a 34-year low of 154.75, down 9% from the beginning of the year.

Recently, the sharp decline of the Japanese yen has sparked speculation among traders. Under the shadow of possible intervention by authorities, how far can the weak yen go?

JP Morgan and Bank of America consider the USD/JPY falling to 160, the lowest point in 34 years, as the next milestone. T. Rowe Price is contemplating the risk of the yen falling to around 170, a level last seen in the 1980s.

Daisaku Ueno, a foreign exchange strategist at Mitsubishi UFJ Morgan Stanley Securities, stated:

"If there is no intervention, the yen may fall to 160.20, the level last seen in April 1990. Once the yen exchange rate breaks the 155 level, authorities may intervene."

Mingze Wu, a forex trader at Singapore StoneX Financial, mentioned:

"We are watching for further weakness in the yen, with 160 as the next key level. This is a reasonable expectation unless there is some fundamental turnaround. However, I highly doubt that even a drop to the 170 level would trigger a strong response from the Bank of Japan."

Julia Wang from JP Morgan is closely monitoring the speed of the yen's decline:

"The key is how we can reach the 160 level. If the yen falls too rapidly and the trend becomes disorderly, the possibility of intervention will increase."

### 相關股票

- [Bank of America (BAC.US)](https://longbridge.com/zh-HK/quote/BAC.US.md)
- [JPMorgan Chase (JPM.US)](https://longbridge.com/zh-HK/quote/JPM.US.md)

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