BAC · News · 20260805N

Yen Strengthening Outlook

BANK OF AMERICA CORP /DE/ · 2026-08-05 · Importance 22 · Surprise 32

Bank of America forecast that the Japanese yen will strengthen approximately 6% against the U.S. dollar by year-end 2026. The bank’s revised target is 149 yen per dollar, compared with its prior forecast of 152. The forecast assumes coordinated U.S.-Japan currency intervention and a possible Bank of Japan rate increase in coming months.

Key facts

• Bank of America predicts the Japanese yen will strengthen by approximately 6% against the dollar by the end of 2026, reaching 149 per dollar. source
• Bank of America had previously projected the yen at 152 at year-end. source