Analysts tip USD/JPY to rise to 150. Other analysts go further, 153

A couple of calls for much higher USD/JPY JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term.

USD/JPY rallied, hard, in the US on Tuesday after the smashing inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term numbers.

I've been posting on this all morning, and the response from Japan (trying to talk the yen up).

Links from this post for the story so far today:

• Japan's Matsuno says sharp FX fluctuations are not desirable (he means the plunging yen)

Analyst comments, in brief:

Credit Suisse:

• We stay with our long-held bullish view
• long-term core objective at 147.62/153.01(the 38.2% retracement of the entire fall from 1982 and price high of 1998)
• any abrupt setback is ideally held at 139.43/39 to keep the risk ... higher

RaboBank:

• our view that USD strength will sustain for some months yet
• It is also possible that the BoJ will maintain loose policy settings into next year. This suggests scope for USD/JPY to head higher in the coming months
• A move to 150 can not be ruled out

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There is not much that the Bank of Japan can do about the dropping yen with such a stark policy differential with the tightening Federal Reserve.

Tha bazookas are loaded with blanks though.