Bank of America Warns: Yen Could Strengthen Sharply Against Dollar
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Bank of America (BofA) has flagged growing risks that the Japanese yen could rise significantly against the U.S. dollar.
In a note to investors, the bank said the USD/JPY currency pair faces "downside risks" — meaning the dollar may weaken and the yen may strengthen.
BofA did not specify what could trigger the move or how far the exchange rate might fall.